Gold (XAU/USD) Price Forecast: Bull Continuation Triggers – Eyes $4,454 Projection

Decisive Breakout Thursday

Gold triggered a clear bullish continuation Thursday with a rally to $4,286, surpassing the critical prior swing high of $4,264 that had capped the past two weeks. The breakout will lock in on a daily close above that level, and at writing price remains in the top quarter of the day’s range, giving bulls the clear edge. For the third consecutive session, the daily low defended the short-term uptrend line—strong evidence of improving demand that directly supports today’s breakout and the case for continuation higher.

Renewed Channel Breakouts

Thursday’s surge fully recovered the top boundaries of two rising trend channels that were briefly lost in the recent pullback. This marks the second successful breakout above both channels since October, distinguishing the current move from the earlier failed attempt and suggesting the market is no longer in an overbought exhaustion state but instead entering a fresh bullish leg across all timeframes.

Confirmation Levels & Targets

A weekly close above $4,264 would seal bullish continuation on that timeframe and deliver the third-highest weekly settlement in history if gold finishes above $4,251 tomorrow. The next major objective is the measured move completion at $4,356, where the current second leg up from October exactly matches the price change of the first advance. The standing record high at $4,381 follows immediately, with a 127.2% projection of the second measured move at $4,454, followed by a 161.8% measured move projection.

Dynamic Support Framework

The entire advance since October has repeatedly respected rising dynamic support. As long as the 20-day average at $4,159 and especially the rising 50-day average at $4,106 remain intact, the multi-timeframe bull trend stays fully on track with room to extend beyond the current record high.

Outlook

Gold has delivered the highest-probability bullish signal in weeks by clearing $4,264, reclaiming both channel tops, and defending the uptrend line for a third day. A daily and weekly close above $4,264 confirms the new leg and targets $4,356 minimum, then $4,381–$4,454; only loss of the 20-day or 50-day averages would raise legitimate caution for the dominant uptrend.

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