Bearish Correction
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Gold (XAU/USD) Price Forecast: 10-Day Support Holds โ Bull Breakout Building
FX Empireยท 2025-12-16 21:48
Bullish Pattern ImplicationsSince gold only recently cleared above the 10-day average, the trend patterns in gold show a likely bull breakout above $4,353 on the horizon. The breakout above the prior interim swing high of $4,264 last Thursday was confirmed with a daily close above it. Short-term consolidation may continue for a few more days, giving the 10-day average a chance to catch up with price. Once it does, the chance for an upside breakout improves.Dynamic Support LayersPotential dynamic support nea ...