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Gold Price Forecast: XAU/USD Bears Face First Major Hurdle
Gold prices are attempting to snap a three-week losing streak with XAU/USD now testing multi-month uptrend support. The focus is on a possible exhaustion low in the weeks ahead and while the broader outlook remains constructive, the threat for a deeper pullback still looms heading into the June open. These are the updated targets and invalidation levels that matter on the XAU/USD weekly technical chart. chart Technical Outlook: In my last Gold Weekly Price Forecast we offered evidence of a possible medium-term top in XAU/USD after, “another failed attempt to mount the record high with a close back below the ... (full story)