Gold Forecast 2026: Why Macro Forces and Technical Breakouts Point to $6,000
FXEmpire••general
Key Points:
- The Federal Reserve's liquidity measures, including resumed short-term Treasury purchases and removal of the repo facility cap, have eased funding stress and signaled financial fragility, supporting safe-haven demand for gold.
- Currency market shifts, notably pressure on the U.S. Dollar Index and a potential Bank of Japan rate hike, raise carry trade risks that could weaken the dollar and further boost gold demand.
- Technical analysis shows gold breaking out of a decades-long wedge pattern in 2024, marking the start of a new super-cycle with potential long-term targets between $9,000 and $10,000 per ounce, supported by global trade tensions and geopolitical risks.
- Quarterly and monthly charts confirm strong structural bases and accelerating bullish momentum, projecting medium-term gold
