Gold Price Forecast: Can Gold Clear $4,150 After the Nasdaq Rally? - FXEmpire

AI desk brief

• Gold gained nearly 1.72% on Monday as the dollar index fell nearly 0.59%, approaching $4,150 resistance. The source argues softer US inflation could weaken the dollar and support a breakout; hotter inflation could reverse that channel.
• The technical upside scenario requires gold to hold $4,000 support and break above $4,150, targeting $4,250. A break below $4,000 would instead expose $3,870; neither scenario is an established outcome.
• The gold-to-Nasdaq 100 ratio faces resistance at 0.16. The source says a break above that level could target 0.20–0.22, signalling potential gold outperformance and strengthening its proposed bottoming scenario.