Gold Price Forecast: Can FED and Big Tech Earnings Reverse the $4,000 XAU Support Break? - FXLeaders

AI desk brief

Gold fell below $4,000/oz last Friday and remains technically vulnerable after breaking its 200-day SMA, with the article framing the Fed’s policy decision and guidance as the key near-term catalyst. A hawkish message would likely lift the dollar and Treasury yields and pressure bullion further, while a softer tone could help buyers reclaim the psychological $4,000 level.

The note also says big tech earnings could influence broader risk sentiment and, by extension, safe-haven demand, though the effect is likely secondary to rates and the dollar. On the supportive side, it cites ongoing central-bank accumulation, including Poland adding 97.8t through August and China’s reported holdings rising to 2,386.55t after an additional 80.2t, but argues that reserve buying may not offset further downside if real yields rise.