Gold Prices Between $3,941 Support and $4,000 Resistance
The price of gold per ounce has shown a limited increase from the $3,965 level, yet it continues to remain below the psychological level of $4,000. As the weekly loss in the XAU/USD pair approaches 3%, the lowest level seen since the beginning of the year at $3,941 has come back into focus. The tensions between the U.S. and Iran, along with rising oil prices, have limited the support that low U.S. Treasury yields provide to gold. While an increase in safe-haven demand is expected, the potential impact of high energy costs on the global economy is increasing selling pressure. Iran has warned that it could close the Bab el Mandeb Strait. As the downward trend in gold continues, the $4,000 level is limiting any upward movements. On the four-hour chart, the downward trend that started from the peaks in February is still ongoing. The Relative Strength Index remains below the 40 level, while the MACD indicator is just below the zero line. The $4,000 level is the first significant barrier for upward movements. If this level is surpassed, resistances at $4,075 and $4,100 will be monitored. A break below the $3,941 support could bring $3,886 into play. If selling deepens, the $3,830 region will be watched.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Banks Improved Their Profitability, But Concerns Over Delinquency Persist: Key Insights from Recent Financial Statements

CME Targets ETFs: The First FCA-Regulated Multi-Asset Crypto Indices Are Born

Crypto Funds: $3.2 Billion in One Week, Bank of America Hasn't Seen This Since October 2025

What Is Worth Preserving: Rupture On Remains, Decay, And The Collector's Dilemma

Fundamental Analysis of Cryptocurrencies: How to Evaluate Digital Assets Before Buying

AI Forces Diversification of Bitcoin Custody

Natura Changes CEO: Carlucci Returns After a Decade

Warren Buffett Turns 96: The Investments That Made Him a Wall Street Legend

After MiniMax's Stock Price Rebounds 92%: What Remains When a Model Company Removes the Model

Meta Faces Dilemma After AI Layoffs: Cybersecurity Incidents Up 40%, Cleanup Time Up 70%

Bull Secures €387.8 Million Contract for LUMI-AI Supercomputer

Chinese AI Through the Eyes of Silicon Valley VCs: Sanctions Didn't Lock It Down, but Instead Brought Out a 'Monster'

Consolidation in Ranges and Rate Reevaluation: Trader Assesses Bitcoin and Ethereum Movement Scenarios

Digital Ruble Fails to Generate Significant Interest Among Russians, Says Sberbank

AI Scam Hits $3.2 Million Per Incident, Crypto Security Battlefield Shifts from 'Code' to 'Scams'

Matt Damon to Keynote at Ripple Swell 2026 in New York

How Paintings Could Have Become Part of the Digital Economy, but Didn't

Shein's IPO and China's PMI: What Changes for Markets

From Pay to One-Stop Asset Management, BiyaPay Expands Global Diverse Financial Services Boundaries

Trump's Cryptocurrency Scheme Rakes in $1.4 Billion While Investors Lose $4.7 Billion

AI Creates Abundance, BTC Creates Scarcity: What Web3 Truly Changes Is Not Production Relations, But Value Relations

Cryptocurrency Arbitrage and Price Scanning: How Quants Identify Inefficiencies in Funding Rates and Spreads Using Trading APIs

DRAM Shortage Until 2030: How to Position Yourself on Memory Giants?

Why Stablecoins Can't Serve as Credit Despite Being Transferable and Store of Value?

Bernstein Comments on Seven Memory Types: After HBM, DRAM and NAND Compete for the Next Trillion-Dollar Market

After Impacting Two Generations, Meta Ordered to Pay $18 Billion

What is Thinking Cat (HMM)? Reasons Why Ownerless Tokens Can Still Fail

Derivatives Begin to Drive Spot Markets: South Korea's Asset Pricing Power is Flowing Out

ECB Official Calls on Central Banks to Embrace Blockchain









