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Gold (XAUUSD) Price Forecast: Support Zone Holds but Gold Rally Needs More Than Oil Pullback

By FXEmpire May 05, 2026 Bearish
Gold (XAUUSD) Price Forecast: Support Zone Holds but Gold Rally Needs More Than Oil Pullback
Spot Gold rises to $4,560.10 after Monday's low at $4,501.04 held the value zone, but a firm dollar and elevated yields keep the gold rally capped.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLUGL
Spot Gold rises to $4,560.10 after Monday's low at $4,501.04 held the value zone, but a firm dollar and elevated yields keep the gold rally capped.