Gold Price Forecast: $4,300 Holds as Range Tightens - FXEmpire

AI desk brief

Gold remains range-bound, with $4,300 acting as key support and $4,500 as resistance, leaving the market compressed into roughly a $100 band between $4,300 and $4,400. The note says elevated interest rates are still a headwind, but central bank buying is providing a bid underneath the market.

Near term, the setup is described as a tightening range that could break soon, though the author remains constructive longer term. Energy/inflation concerns in bonds are also cited as a support factor, even as short-term holding conditions remain difficult.