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Gold (XAU/USD) Price Forecast: Consolidates Near Record High, Pullback Risk Rises
FX Empire·2025-09-12 04:55

Resistance Confirmed at Measured MovesAn upside target zone was reached this week, where resistance developed. Two measured moves completed at that level, highlighted as rising ABCD patterns on the chart. The bearish response that followed indicates the market recognized the zone. Despite the reaction, underlying buying pressure remains evident as gold continues to hold near record highs. Still, the shooting star trigger and consecutive lower highs and lows highlight the potential for a deeper pullback befo ...