Gold Price Forecast: XAU/USD holds gains above $4,600 as bullish bias prevails

Published Aug 28, 2026 3:44 AM Last refreshed Aug 28, 2026 4:01 AM Source: EODHD Event Time: Aug 28, 2026 3:44 AM

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This market news item includes source data powered by EODHD.

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Gold Price Forecast: XAU/USD holds gains above $4,600 as bullish bias prevails

Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-holds-gains-above-4-600-as-bullish-bias-prevails-202608280744
Published: Aug 28, 2026 3:44 AM

Gold (XAU/USD) extends its gains for the second successive day, trading around $4,610 during the European hours on Friday. The price of the precious metal is remaining within the ascending channel pattern, suggesting a persistent bullish bias.

Market context: This update is relevant to gold traders, with XAUUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.

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