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Gold (XAUUSD) & Silver Price Forecast: Gold Teeters at $4,700 – Breakout or Breakdown?

By FXEmpire April 23, 2026 Bearish

Gold (XAUUSD) holds $4,700 as geopolitical tensions in the Strait of Hormuz offset a softer dollar. Is a massive breakout or a plunge to $4,600 coming next?

Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLSILSILJSIVRSLVSLVPUGL

Gold (XAUUSD) holds $4,700 as geopolitical tensions in the Strait of Hormuz offset a softer dollar. Is a massive breakout or a plunge to $4,600 coming next?