Gold (XAU/USD) Price Forecast: Bearish Flag Tests Key Support Zone
FX Empire·2026-03-17 21:03
Channel Structure and Higher Low SetupThe higher swing low at $4,402 from February was a successful test of support at prior resistance marked by the top trendline of a rising channel. Once prior resistance becomes support following a key breakout, the trend may be ready to proceed. A test of support near, or a little above, the rising 100-day average would further confirm an increased slope for the long-term trend. The 100-day will soon align at or above the top channel line, providing additional validatio ...