Gold Price Forecast: Will XAUUSD Breakout Resume? Key Levels & Fed Impact

Gold Price Forecast: Will XAUUSD Breakout Resume? Key Levels & Fed Impact

In this video, we analyze the latest XAUUSD action, focusing on the breakout around the $ fourth level resistance near $4353.56 and the potential for a breakout through the all-time high at $4381.44. We break down the key support at the Fibonacci level $4192.36 and the 50% retracement at $4133.95, with deeper support around the 50-day moving average at $4114.24. We also discuss how the Federal Reserve’s rate cut and cautious tone, along with Treasury yields and the dollar index, influence gold prices. Viewers will learn what to watch next week and how macro data, especially non-farm payrolls, could shape near-term moves.