Gold prices are on the defensive for the second consecutive week with XAU/USD down more than 1% ahead of New York close on Wednesday. The decline is now approaching longer-term uptrend support and the focus is on a possible exhaustion-low in the weeks ahead. These are the updated targets and invalidation levels that matter on the XAU/USD weekly technical chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
