Gold Forecast for May 29, 2026
As anticipated, Gold tested the 1/2 margin zone yesterday, where price action consolidated near the daily close. It is worth noting that we have yet to see a daily close above this level, as the clearing session took place within the zone boundaries.
However, I still anticipate a recovery for the pair. My primary target remains the level of the V-shaped recovery identified on the higher timeframes.
This target is at 4580.