Gold Price Forecast: XAU/USD fails at $3,440 and approaches $3,400 support

  • Gold (XAU/USD) is correcting lower after rejection at the $3,440 resistance area on Friday. The pair maintains the upside structure in place, but easing fears that the Iran-Israel conflict might escalate into a regional war have undermined demand for safe havens, like Gold, in favour of riskier-perceived assets.