Gold Price Forecast: Risk appetite weighs on USD as XAU/USD maintains gains near $4,100 - www.tmgm.com

AI desk brief

• Gold traded at $4,094 on Monday, reversing Friday’s decline. The source attributes support to dollar weakness amid Iran peace talks, but says strong October payrolls and Fed commentary could limit dollar losses through expectations of December tightening.
• The source identifies $4,150 resistance; a break above would target $4,230. Momentum has improved, although gold remains below its 200-day moving average, tempering the broader outlook.
• Support spans $4,050–$4,000, including Friday’s $4,030 low. A move below this zone would invalidate the positive outlook and expose $3,900. The source discloses AI assistance in preparing the technical analysis.