Gold Technical Forecast: XAU/USD Weekly Trade Levels

From forex.com

In last month’s Gold Technical Forecast we noted that a, “record-breaking rally has exhausted with a spectacular reversal into the close of the week halting the immediate bull-run. From a trading standpoint, losses would need to be limited to 4604 for the 2025 uptrend to remain viable with a weekly close back above 5K needed to fuel another run at the highs.” XAU/USD plummeted more than 21.3% off the record high in the following days and although intraday rice fell as low as 4402, the bears were unable to secure a close below 4600. Gold is now poised to mark a fourth consecutive weekly advance with the rally ... (full story)