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Gold (XAU/USD) Price Forecast: Breaks Out Above Key Averages, Eyes Higher Targets

Summary by bipns.com
Gold Rises Above Key Levels Friday’s advance further confirms a bullish reversal following a test of support near the lower uptrend line that marks the bottom of a developing bull pennant pattern. This puts gold on track to continue to strengthen towards a test of resistance near the top boundary line of the pennant, at a minimum. A breakout above that line provides an initial breakout signal, but a rise above the lower swing high at $3,451 shou…
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bipns.com broke the news in on Saturday, July 12, 2025.
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