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Gold Price Short-term Outlook: XAU/USD Rebound Stalls at Resistance—Range Breakout in Focus

From forex.com

Gold prices have recovered sharply from recent lows, but the rebound is beginning to lose momentum just below a major resistance zone. XAU/USD remains trapped within a developing range after failing to break through Fibonacci resistance, keeping the focus on a potential breakout for guidance. The next move from this structure could prove decisive in determining whether the recovery extends or a broader pullback resumes. Battle lines drawn on the XAU/USD short-term technical charts. Technical Outlook: In last month’s Gold Short-term Outlook we noted that XAU/USD was, “testing pivotal resistance here and the immediate ... (full story)

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  • Category: Technical Analysis