Gold (XAU/USD) Price Forecast: Bearish Trend Deepens Towards Key Support Zone
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FXEmpire
Wednesday, October 7, 2026 at 08:59 PM UTC

Gold (XAU/USD) Price Forecast: Bearish Trend Deepens Towards Key Support Zone

Currency Pairs:💱 XAU-USD

Gold extends its correction to $4,066 as sellers retain control, while major support and a potential falling wedge could determine whether the decline continues.

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Gold (XAU/USD) Price Forecast: Bearish Trend Deepens Towards Key Support Zone