6 Reasons Why Gold Price Is Still Falling - BeInCrypto

AI desk brief

• Gold rebounded to about $4,136 after falling 31% from January’s $5,598 record to $3,870 on October 30. The source reports $1.21 billion of weekly ETF outflows, countered by 321 tonnes of third-quarter central-bank buying and record ETF holdings of 4,256 tonnes.
• The source links the rebound to post-midterm dollar weakness and easing yields; further Fed tightening remains a risk. Its technical outlook requires holding $3,943 and clearing $4,145 for an extension toward $4,333; a daily close above $4,145 initially targets $4,272.
• Rejection at $4,145 could refocus $3,900–$4,000 support; a daily close below $3,943 could expose $3,552. The source concludes a close below $3,870 would signal further downside, while reclaiming the $4,468 200-day average remains key to a bullish trend reversal.