Gold Price Forecast: XAU/USD rallies further with bulls eyeing $4,380 area

Published Aug 07, 2026 6:23 AM Last refreshed Aug 07, 2026 7:00 AM Source: EODHD Event Time: Aug 07, 2026 6:23 AM

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This market news item includes source data powered by EODHD.

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Gold Price Forecast: XAU/USD rallies further with bulls eyeing $4,380 area

Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-rallies-further-with-bulls-eyeing-4-380-area-202608071023
Published: Aug 07, 2026 6:23 AM

Gold (XAU/USD) resumes its bullish trend on Friday, after a brief consolidation on Thursday, to reach fresh three-week highs above $4,300, with bulls aiming for mid-June highs in the $4,380 area.

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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