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Gold (XAU/USD) Price Forecast: Faces Pullback Risks Amid Slowing Momentum
Gold paused its advance this week after notching a new record high of $3,791 on Tuesday. That level sits within a critical confluence zone between $3,782 and $3,812, marking the first major resistance cluster since the breakout above $3,500. Wednesday saw a one-day pullback, followed by Thursday’s consolidation inside the prior session’s range, underscoring growing caution among buyers. Despite strong demand that has powered the rally since August, gold now faces a test of near-term support. The 10-Day moving average at $3,699 represents the first level to watch if sellers regain control. A decline to that level ... (full story)
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