UBS has extended its gold price projection by one quarter, establishing an end-of-September 2027 objective of $5,400 per ounce, citing further gains from dropping real interest rates and continuing investment demand.
Gold (XAU/USD) on the 15-minute timeframe has shown a clear Market Structure Shift (MSS) following a bullish reversal off low liquidity levels. Price is currently consolidating near the local resistance zone around 4,410.00, maintaining an overall bullish bias above the 100 EMA.
Gold is starting the new week with a constructive bullish structure. Price is currently trading around 4,395 after holding above the Buy Zone Liquidity area near 4,380. The market has already recovered from the short-term pullback, and buyers are now trying to build another push toward the resistance zone above. The chart is not weak, but gold is also not fully free yet. The next big test is around 4,453.
Gold is trading around $4,394 after recovering strongly from the recent head formation near $4,310. Price is now testing the $4,395–$4,400 neckline area, while the right shoulder remains supported above the marked demand zone.
Gold continues to show a strong recovery structure after repeatedly finding buyers around the lower boundary of the recent trading range. Price has been making higher reactions from support, indicating that downside moves are being absorbed rather than developing into a confirmed bearish reversal.
XAU/USD is currently trading around the 4,366–4,370 area, sitting at an important decision point after a strong recovery from the recent liquidity sweep near the 4,300–4,320 zone.