GOLD PRICE FORECAST: XAU/USD REMAINS NORTHBOUND WHILST $2,864 SUPPORT HOLDS.

GOLD PRICE FORECAST: XAU/USD REMAINS NORTHBOUND WHILST $2,864 SUPPORT HOLDS.
GOLD PRICE FORECAST: XAU/USD REMAINS NORTHBOUND WHILST $2,864 SUPPORT HOLDS.

Gold Price Going Up: Gold is gaining value while staying above $2,864.

China’s Impact: Hopes for China's economic support are helping Gold prices rise.

Trade War Effect: Fears of a trade war are making the US Dollar stronger, limiting Gold's growth.

Technical Signal: A "Bull Flag" pattern on the 4-hour chart suggests more price gains.

Key Support Level: Gold is staying strong above $2,850 as the US inflation report approaches.

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