Gold price faces a key test as $4,000 breaks and weekly support beckons - investingLive

AI desk brief

• Gold fell below $4,000 to $3,960 in the source’s trading session. The author attributes the weakness to a stronger dollar and a more hawkish Fed outlook after stronger-than-expected US CPI, with 10-year Treasury yields at 5%.
• The key weekly support region is $3,900–$3,930, near the 100-week moving average at $3,897. The author warns that a firm break below support could expose $3,500 and challenge the broader bullish trend.
• Holding above the 100-week average would offer scope to regroup, but the author says reclaiming $4,000 alone would not establish recovery: lower highs persist, with $4,200 the nearest material resistance.