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Gold (XAU/USD) Price Forecast: Bearish Momentum Builds Toward Key Support Zones

By FXEmpire April 29, 2026 Bearish
Gold (XAU/USD) Price Forecast: Bearish Momentum Builds Toward Key Support Zones
Gold extends its decline after breaking a rising wedge, with bearish momentum pointing toward key Fibonacci and moving average support zones while resistance builds above.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLUGL
Gold extends its decline after breaking a rising wedge, with bearish momentum pointing toward key Fibonacci and moving average support zones while resistance builds above.