Gold Weekly Outlook

Gold prices rebounded off key support at the 2025 uptrend and the battle lines are drawn for the bulls. Levels that matter on the XAU/USD short-term technical charts.

Gold snapped a two-week losing streak but remains below the record high as traders await U.S. / China tariff talks. Battle lines drawn on the weekly technical chart.

Gold has finally strung together two consecutive red weeks for the first time in 2025, building an evening star formation along the way. The question now is whether sellers can seize the day.

Markets appeared to steady themselves last week, with risk assets such as the S&P 500 pressing higher and haven assets taking a backseat.

The price of gold extends the series of higher highs and lows from earlier this week to register a fresh record high ($3358).

Gold prices scaled up to another fresh ATH last week and the metal has shown no sign yet that the move is nearing over.

Here's our gold weekly outlook

The price of gold stages a four-week rally as it climbs to a fresh record high ($3087).

Gold is up almost 15% so far in Q1 and given the rally from last year that highlights a massive move from the $2k support that was in-play last February.

The price of gold may reestablish the bullish trend from earlier this year should it track the positive slope in the 50-Day SMA ($2800).

Gold broke an eight-week streak of gains this week with a strong sell-off from Tuesday into Friday. The question now is whether a deeper pullback can appear after one week of weakness.