Sunday, May 31, 2026

Gold Price Forecast: XAU/USD looks vulnerable whilst below $4,580-$4,630 supply zone

 

  • Gold holds the pullback from two-week highs of $4,595 as buyers turn cautious early Monday.  
  • The US Dollar finds fresh haven demand amid US-Iran ceasefire limbo and oil price rebound.   
  • Technically, Gold struggles to take out the key resistance zone as momentum remains bearish.

    Gold is holding the previous pullback from two-week highs of $4,595 early Monday, as buyers struggle to find a fresh impetus amid looming uncertainty surrounding the ceasefire extension deal between the United States (US) and Iran.
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$4000 at risk: Gold sellers refuse to give up amid hot US inflation, Mideast tensions

  Gold pauses its recovery from seven-month lows of $4,024 in Wednesday’s Asian trading, after facing fresh offers above the $4,100 level. G...