Gold (XAUUSD) Price Forecast: Gold Breakout Clears 200-Day as Dollar Sinks - FXEmpire

Gold (XAUUSD) Price Forecast: Gold Breakout Clears 200-Day as Dollar Sinks - FXEmpire

Source: FXEmpire

DW NOTE

Gold has rallied 6.9% this week to $4,681 — still 12% below its January peak of $5,318 — while the dollar weakens. The move reflects geopolitical premium from a Strait of Hormuz that remains 88% constricted despite a draft deal awaiting Iranian approval. A breakout above the 200-day is momentum, not resolution.

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