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Gold (XAU/USD) Price Forecast: Wedge Breakout Suggests Further Downside

By FXEmpire March 06, 2026 Bearish
Gold (XAU/USD) Price Forecast: Wedge Breakout Suggests Further Downside
Gold is consolidating near the 20-day moving average after a rising wedge breakout, testing critical support levels while a sharp correction hints at further potential downside.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLUGL
Gold is consolidating near the 20-day moving average after a rising wedge breakout, testing critical support levels while a sharp correction hints at further potential downside.