Gold Price Forecast: $4,300 Support Tested as Yields Rise - FXEmpire

AI desk brief

Gold remains range-bound, with $4,300 acting as support and $4,500 as resistance; the author sees the market as sideways for now, with a break below the recent bounce potentially exposing the uptrend line. Near term, rising rates are the main headwind: the US 10-year yield at 4.99% is highlighted as a key driver, while any easing in Middle East tensions could also weigh on rates and support gold.

The trading bias is for choppy action and a possible bounce toward $4,300, but the article does not signal a strong breakout setup unless yields reverse or geopolitical headlines shift materially.