Gold Price Outlook: XAU/USD Surge Stalls Post-Iran Spike – 5% Decline Ends Four-Week Winning Run

Gold Prices Pause After Geopolitical Surge

Gold’s upward movement lost momentum following a short-lived geopolitical rally that pushed prices into a significant resistance zone. Earlier in the week, the market experienced a sharp reversal before finding some stability as the week ended. While XAU/USD has managed to regain some of its earlier losses, the inability to break and hold above resistance leaves the ongoing rally at a critical juncture.

With momentum indicators stretched on longer timeframes and prices consolidating just below a major barrier, attention now turns to whether buyers can regain the upper hand or if the recent pullback will develop into a more pronounced correction. Key technical levels are now in focus on the XAU/USD weekly chart.