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Gold (XAU/USD) Price Forecast: Wedge Breakdown Keeps Bearish Bias

By FXEmpire May 06, 2026 Bearish
Gold (XAU/USD) Price Forecast: Wedge Breakdown Keeps Bearish Bias
Gold rebounds after a sharp decline but faces key resistance zones, with a prior wedge breakdown suggesting rallies may stall before another move toward lower support levels.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLUGL
Gold rebounds after a sharp decline but faces key resistance zones, with a prior wedge breakdown suggesting rallies may stall before another move toward lower support levels.