Gold Price Alert: XAU/USD Support Finally Breaks

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Gold Technical Outlook: XAU/USD Multi-Timeframe Analysis

Michael Boutros, FOREX.com Senior Market Analyst, breaks down the growing technical risks facing gold prices as momentum deteriorates and key long-term support levels begin to fail. Gold is now approaching a critical pivot zone after falling nearly 9% from the April high, with traders closely watching U.S. inflation data, Federal Reserve expectations and geopolitical headlines from Iran for the next major catalyst.

This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.

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Written by Michael Boutros, Senior Technical Strategist

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