Gold (XAU/USD) Price Forecast: Bull Trend Holds Above Key Averages

Group 1 - Gold remains in a bullish trend, with support at the recent low of $4,274 and a bounce off the 10-day average indicating buyer strength [1] - Sustaining above the 10-day average shows short-term strength, while a pullback to the 20-day average at $4,377 would not alter the bullish outlook [1] - The rising 20-day average is breaching the prior trend high of $4,381, indicating improving underlying demand for gold [2] Group 2 - An upside breakout above $4,500 is possible if the 20-day line touches price before the breakout occurs [2] - A potential bearish shooting star candlestick pattern was completed in December, suggesting possible near-term consolidation for gold [3] - The pattern is not validated until a breakdown below December's low of $4,164 occurs, reflecting potential downward pressure [3]