Gold Price Forecast: XAU/USD struggles below $4,300 level with bears still in control - Mitrade

AI desk brief

Gold is trading just below $4,300 after bouncing from $4,230 support, but the near-term bias remains bearish as hawkish Fed messaging and US Treasury yields above 5% continue to pressure precious metals. Anna Paulson and John Williams both reinforced the prospect of further tightening, while OCBC said oil, the USD and rates are the key swing factors for gold.

Technically, bulls remain capped below $4,300 and key resistance sits near $4,400; a break above that would shift attention back toward the early-September highs just above $4,500. On the downside, a loss of $4,230 exposes the $4,100-$4,150 zone, with the $4,000 psychological area next in focus.