Gold price claws back toward $4,400 after dodging a deeper technical breakdown - what's next? - investingLive

AI desk brief

Gold is recovering toward $4,400 after the post-Fed selloff stalled above the key $4,240 Fibonacci retracement level, with buyers reclaiming the 50% retracement at $4,328 and the 100-day moving average at $4,321. The rebound has improved the daily bias back to neutral and put the $4,400-$4,415 zone back in play as the first upside test.

Near term, the article frames the move as a mix of calmer macro conditions and technical repair: 10-year Treasury yields have slipped back below 5% and oil has eased, reducing pressure on bullion. On the downside, a break back below $4,328-$4,321 would weaken the recovery, while a loss of $4,241 would reopen the path toward $4,000; on the upside, the 200-day moving average near $4,541 is the next major technical hurdle.