Gold prices snapped a five-week winning streak with XAU/USD off more than 2.2% ahead of the close on Friday. A reversal off uptrend resistance leaves broader advance vulnerable into the monthly crossover with the FOMC interest rate decision and Non-Farm Payrolls (NFP)s on tap next week. Battle lines drawn on the XAU/USD weekly technical chart heading into the May open. Technical Outlook: In last month’s Gold Weekly Price Forecast we noted that XAU/USD was testing uptrend resistance and that, “losses should be limited to 2131 IF price is heading higher on this stretch with a close above the upper parallel needed to ... (full story)