Chart of the day: Gold price eyes $4,100 support as $4,200 resistance keeps bulls in check - investingLive

AI desk brief

Gold remains range-bound and under pressure, with repeated failures at $4,200-20 leaving the market vulnerable to a retest of $4,100-17 support. The latest rejection has gold hovering around $4,114, while 10-year Treasury yields above 5% continue to raise the opportunity cost of holding a non-yielding asset.

On the chart, bulls need a decisive break above $4,200-20 to open the way toward the 100-day moving average near $4,232 and then $4,300. A clean break below $4,100 would expose $4,000 and potentially the July low near $3,960; easing yields and continued central bank demand are the main upside catalysts cited.