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Gold (XAU/USD) Price Forecast: $4,164 Low Respects Long-Term Line – Bull Trend Intact
Gold retraced on Tuesday to a daily low of $4,164, triggering a one-day bearish reversal and carving a slightly higher swing high from Monday’s $4,264 level. The decline landed directly on the upper boundary of the long-term rising channel—confirmed as resistance only last Wednesday and Thursday—demonstrating textbook retest behavior after Friday’s breakout above that same line. The larger uptrend stays fully intact with price well above all key moving averages and Monday’s higher swing high preserving short-term bullish structure. Standard post-breakout consolidation is testing prior resistance as support, ... (full story)
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