Gold Price Breakdown Puts $4,410 Support in Focus
FX Empire·2026-08-29 04:56
Reclaim Near $4,529 Keeps $4,780 Target AliveThe ability to reclaim the 200-day moving average after this pullback, currently near $4,529, would be a key sign of strengthening and could open the way for sustainable bullish momentum and a third leg higher off the bottom. Until then, gold may remain under pressure from sellers as it tests these support levels and works off momentum from Friday’s breakdown.A measured move from the recent breakout of a bullish pennant pattern points to $4,780. That target is re ...