Gold Price Forecast: Bullish Sings in XAU/USD as Tech Support Points Up for A Rebound - FXLeaders

AI desk brief

Gold is trying to stabilize after a sharp reversal from the late-August $4,700 area, with buyers defending the $4,200-$4,300 support zone and the broader $4,000 floor. The piece argues that downside momentum is fading even as a stronger dollar, higher interest rates and hawkish Fed/JGB policy pressure non-yielding bullion.

Near-term support comes from renewed geopolitical risk around Iran and Yemen and from persistent Chinese physical buying, but the article says that demand alone may not be enough to trigger a major rally if global monetary conditions stay restrictive. A sustained hold above $4,200-$4,300 is framed as key to preserving the longer-term bullish structure; a break back below $4,000 would reopen deeper downside risk.