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Gold Price Forecast: XAU/USD Rally Fails After Iran Spike- 5% Drop Snaps Four-Week Streak

From forex.com

Gold’s advance stalled after a brief geopolitical spike pushed prices into resistance, with the market reversing sharply earlier in the week before stabilizing into the close. Although XAU/USD has managed to recover part of the initial drop, the failure to secure a sustained break above resistance leaves the broader rally at an inflection point. With momentum stretched on higher timeframes and price now consolidating beneath a key ceiling, the focus shifts to whether buyers can reassert control or if the pullback extends into a deeper corrective phase. Battle lines drawn on the XAU/USD weekly technical chart. In last ... (full story)

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  • Category: Technical Analysis