Gold Price Forecast: XAU/USD holds gains near $4,100 as risk appetite hits the USD - www.tmgm.com

AI desk brief

• Gold traded at $4,094 on the source’s Monday, recovering Friday’s losses. The report attributes support to USD weakness amid Iran peace negotiations; it argues strong October payrolls and Fed tightening prospects could limit dollar declines.
• The AI-assisted technical analysis identifies $4,150 resistance: a break would target $4,230. Gold remains below its 200-day moving average despite improving momentum indicators.
• Initial support lies at $4,050–$4,030, then $4,000. A bearish move below $4,000 would invalidate the bullish view and expose $3,900, followed by the channel bottom near $3,825.