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Gold (XAU/USD) Price Forecast: Adrift Within Consolidation Pattern
Gold weakened further on Tuesday as Monday’s low of $3,341 was breached, reaching a low of $3,331 for the day. The session is set to close as a narrow-range day, with a high of $3,359 marking a successful test of resistance near the 20-Day MA, now at $3,356. This level, along with the 50-Day MA just above, is now showing a zone of potential short-term resistance. Monday’s decline also pushed the metal decisively below both the 20-Day and 50-Day moving averages, closing beneath them for the first time in two weeks — a sign that momentum has shifted in favor of sellers, at least in the short term. A lower swing ... (full story)
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- Aug 12, 2025 5:15pm Posted byTechnical Analysis281
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