Gold (XAU/USD) Price Forecast: Tight Four-Day Range – Highest Close Since October Looms

Range Top ResistanceA new higher swing high for the short-term advance at $4,353 was reached last Friday, resulting in three tight days of consolidation near that high. Wednesday’s high of $4,349 marked the third recent test of that resistance zone. A decisive breakout above triggers resolution of the four-day range and continuation of the short-term uptrend. Retained bullish momentum thereafter positions gold for a new trend high breakout above $4,381.Bull Trend ConfirmationThe bull trend in gold has been ...