Gold Price Forecast: XAU/USD hesitates at $4,600 with Fed easing hopes fading

💡 DMK Insight

Gold’s struggle around $4,600 is a critical moment for traders: it failed to break the $4,640 resistance, which could signal a deeper correction. When an asset can’t push past a key level, it often leads to profit-taking and a potential pullback. Watch for support around $4,550; if that breaks, we could see a sharper decline. On the flip side, if gold manages to reclaim $4,640, it might attract fresh buying interest, especially from institutional players looking to hedge against inflation. Keep an eye on the broader economic indicators, like interest rates and inflation data, as they can heavily influence gold’s trajectory in the coming weeks.