Gold Price Prediction (XAU/USD): Key Support & Resistance Levels as Market Consolidation Expands | FXEmpire
A strong weekly finish and bullish hammer pattern suggest gold may maintain upward momentum, as it continues to consolidate near trend highs.Gold found buyers on Friday as it rallied to a five-day high of $3,355 and a test of prior support as resistance at the confluence of several indicators. A resistance zone is identified around the bottom trendline of a pennant formation (dotted) and the convergence of the 20-Day and 50-Day MAs, now around $3,342.On Monday, a breakdown from a pennant pattern