Gold Price Forecast: XAU/USD Tests $4,000 as Oil Surge Revives Fed Hike Fears - FXLeaders

AI desk brief

Spot gold is trading near $4,021 after Thursday’s 2.45% slide broke the October range, leaving the metal down 3.5% this week and on track for its worst week since June. The key near-term pivot is $4,000: a weekly close below that level would confirm the pullback, with the next demand zone at $3,961-$3,893 and deeper support at $3,790. A daily close back above $4,074.59 would ease the bearish setup and reopen $4,224.