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Gold (XAU/USD) Price Forecast: Bull Pennant Coils – Triple Trendline Resistance Caps
Gold posted a higher daily high and low Wednesday at $4,173, confirming Tuesday’s 10-day average support while running into resistance from two top channel lines and a short-term downtrend line near the high. Gold continued to strengthen on Wednesday, pushing to an eight-day high of $4,173 and establishing a higher daily high and a higher low. The advance built directly on Tuesday’s successful defense at the 10-day average, converting last week’s multi-day resistance zone into current support and demonstrating classic bullish behavior. Momentum stayed muted as price met a significant overhead barrier: two ... (full story)
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