{"id":43232,"date":"2025-04-15T17:51:29","date_gmt":"2025-04-15T20:51:29","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/04\/15\/gold-price-forecast-bulls-hold-control-after-channel-breakouts\/"},"modified":"2025-04-15T17:51:29","modified_gmt":"2025-04-15T20:51:29","slug":"gold-price-forecast-bulls-hold-control-after-channel-breakouts","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/04\/15\/gold-price-forecast-bulls-hold-control-after-channel-breakouts\/","title":{"rendered":"Gold Price Forecast: Bulls Hold Control After Channel Breakouts"},"content":{"rendered":"

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Short-term Weakness Below $3,194<\/h2>\n

Nonetheless, a drop below today\u2019s low will show short-term weakness and further still on a decline below Monday\u2019s low of $3,194. However, Fridays low of $3,173 is a better judge of support for the three-day price range. And it can be considered along with the April 3 high of $3,168. That was the most recent trend bull breakout level. Both the top purple channel line and the 20-Day MA, now at $3,086, are key potential support areas to watch.<\/p>\n

Higher Targets Start at $3,298<\/h2>\n

On the upside, a decisive breakout above $3,246 has gold heading towards higher potential targets. First, there is a price zone from $3,298 to $3,306, identified from relatively short-term Fibonacci measurements. Subsequently, there are two higher targets at $3,335 and $3,355. The first higher target is a 261.8% extension of the decline from the 2011 peak. Given its very long-term nature, that price level may have greater significance. The next price level is a 200% extended target from a rising ABCD pattern that begins from the August 2018 low.<\/p>\n

Bullish Engulfing Pattern on Weekly Chart<\/h2>\n

There is also a bullish pattern on the weekly chart (not shown) as last week completed a bullish engulfing candlestick pattern with a new record high closing price. Given the reaction so far this week, the bulls remain in charge. Confirmed breakouts of two rising channels provide a similar bullish assessment of current demand.<\/p>\n

For a look at all of today\u2019s economic events, check out our\u00a0economic calendar<\/a>. <\/b><\/p>\n<\/div>\n

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[ad_1] Short-term Weakness Below $3,194 Nonetheless, a drop below today\u2019s low will show short-term weakness and further still on a decline below Monday\u2019s low of $3,194. However, Fridays low of $3,173 is a better judge of support for the three-day price range. And it can be considered along with the April 3 high of $3,168. That was the most recent trend bull breakout level. Both the top purple channel line and the 20-Day MA, now at $3,086, are key potential support areas to watch. Higher Targets Start at $3,298 On the upside, a decisive breakout above $3,246 has gold heading towards higher potential targets. First, there is a price zone from $3,298 to $3,306, identified from relatively short-term Fibonacci measurements. Subsequently, there are two higher targets at $3,335 and $3,355. The first higher target is a 261.8% extension of the decline from the 2011 peak. Given its very long-term nature, that price level may have greater significance. The next price level is a 200% extended target from a rising ABCD pattern that begins from the August 2018 low. Bullish Engulfing Pattern on Weekly Chart There is also a bullish pattern on the weekly chart (not shown) as last week completed a bullish engulfing candlestick pattern with a new record high closing price. Given the reaction so far this week, the bulls remain in charge. Confirmed breakouts of two rising channels provide a similar bullish assessment of current demand. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":43233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-43232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/43232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=43232"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/43232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/43233"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=43232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=43232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=43232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}