The release of the Producer Price Index (PPI) in the United States has sparked a marked decline in gold prices, influencing intraday sell-offs in the XAU/USD pair. Graphical analyses from two separate analysts highlight the bearish trend that has taken center stage. The rapid shift following the PPI data announcement has translated into a significant wave of selling, reports Manan Trader. The analyst’s chart suggests that the descent may worsen after prices slipped below the $4,390 to $4,410 trading range.