Description
Gold (XAU/USD) is showing signs of a bullish reversal after breaking above last week's high and reclaiming its 20-day moving average for the first time since September. The rally reached $4,146, challenging the short-term downtrend, but the larger declining channel remains a significant obstacle.
This gold price forecast examines why a daily close above $4,082 matters, the risk of a near-term pullback and potential resistance at $4,217 and $4,381. Can buyers sustain the breakout?
For the full article:
https://www.fxempire.com/forecasts/article/gold-xau-usd-price-forecast-bullish-reversal-challenges-downtrend-1642863/
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