Gold trades bearish at $4,127 — down sharply from yesterday’s $4,195 recovery high as a resurgent dollar and risk-on sentiment triggered by better-than-expected global PMI readings drained safe-haven demand. The metal has broken below the $4,135–$4,150 support cluster, with chart structure pointing toward a test of the $4,098–$4,100 zone if selling pressure extends through the New York session.
- EUR/JPY Price Forecast: Falls below 176.00 after a bullish gap opening
- Gold eyes weekly loss of over 3% as Fed interest rate decision looms
- Euro: Gradual upside as Fed and ECB converge .
- Gold Price Forecast: XAU/USD picks up from the $4,000 area with bears still in control
- Gold holds above $4,000/three-month low as Fed hike bets and firm USD cap upside
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