The gold price rallied over 2.3% this week XAU/USD, which marked the 3rd consecutive weekly advancement. The reversal off the technical downside support is quickly approaching the first huge test of the downside resistance – we are on the lookout for the price inflection in the next few days with the key rally weak into the upcoming levels. There are invalidation levels and updated targets that are significant on the XAU/USD technical outlook as we head into the end of this week as ASX 200 Rally Taking Pause Despite New Rise in S&P 500 Index. Technical outlook – in our previous gold price outlook, we indicated that ... (full story)