Gold Price Forecast: XAU/USD Bulls Charge Uptrend Resistance as Inflection Risk Rises
From forex.com
Gold is pressing into confluent uptrend resistance, with XAU/USD testing a key technical threshold as the rally extends to fresh record highs. This area is reinforced by multiple long-term projections, making it a key checkpoint for the advance. While the broader structure remains constructive and momentum continues to favor the bulls, the approach into this resistance raises the risk of near-term inflection. The response here—particularly into the weekly close—will be important in determining whether gold can transition into another sustained leg higher or pauses to consolidate after an extended run. Battle lines ...
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