Gold Price Forecast: Bullish Flag Puts $4,543 in Focus - FXEmpire

AI desk brief

Gold held key support on a pullback to $4,291 after a U.S. dollar-driven selloff, with a bullish reaction at the confluence zone suggesting the first post-breakout correction may be complete. The article flags $4,291 as near-term support, $4,399 as the first upside trigger, and $4,511/$4,543 (200-day MA) as the next resistance band if momentum resumes.

The setup is framed as a constructive digestion of gains rather than a trend reversal, with the failed push below the 50-day moving average strengthening the intermediate bullish case. A break back above Tuesday’s high would confirm the bullish flag and open the path toward the recent swing highs.