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Gold Price Forecast: Gold Rally Rolls On - XAU/USD Rebound or Reversal 2021-07-09 20:00:00 Michael Boutros, Strategist Gold Technical Price Outlook: XAU/USD Weekly Trade Levels Gold priceupdated technical trade levels - Weekly Chart XAU/USD rebound off uptrend support marks third consecutive weekly advance- correction? Advertisement Gold prices rallied for a third consecutive week with XAU/USD up more than 0.8% into the close on Friday. Gold has now surged nearly 3.9% off the June low and while a rebound off uptrend support keeps the medium-term outlook constructive, we are on the lookout for exhaustion on a stretch higher in the weeks ahead.These are the updated targets and invalidation levels that matter on the XAU/USD weekly technical chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more.

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