Gold Price Eyes $5,000 After Confirmed Channel Breakout 

May 8, 2026 - 04:15
Gold Price Eyes $5,000 After Confirmed Channel Breakout 
Gold (XAU) price prediction turns bullish near $4,716 after a confirmed descending channel breakout. The move validates the prior BeInCrypto target at $4,772 and shifts attention toward $4,850 before Friday’s jobs data. The daily and four-hour structures both lean higher. Analyst Karcebe expects closings above $4,720 to fuel a push toward $4,850 as Friday’s data...

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