Description
Gold (XAU/USD) faces renewed selling pressure after a failed rally, with bearish momentum dominating the daily, weekly and monthly charts. Could a breakdown below $3,975 trigger a deeper decline through the June low at $3,942?
This gold price forecast examines critical support at $3,975–$3,942, downside risks toward $3,886 and $3,795, and the first test of the 20-month moving average since October 2023. A weak monthly close could strengthen the bearish outlook.
For the full article:
https://www.fxempire.com/forecasts/article/gold-xau-usd-price-forecast-bearish-reversal-threatens-key-support-1641443/
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