Gold Price Forecast: Breakdown Risk Grows as Buyers Struggle - FXEmpire

AI desk brief

Gold remains under pressure as rising bond yields and a firm U.S. dollar reinforce the bearish setup. The failed bounce to $4,219 was sold back down to around $4,147, with resistance seen near $4,203 and the 50-day moving average around $4,322.

Key support is now $4,103, the 78.6% retracement level; a decisive break there would open a move toward summer lows and potentially the June low at $3,942. Momentum stays negative unless gold can reclaim Wednesday’s high and push through the layered resistance zone between $4,316 and $4,322.