Gold Price Forecast: XAU/USD struggles around 100-day SMA as Trump ratches up pressure on Iran

Gold has managed to defend the $4,600 level despite the bearish opening gap this Monday. Gold opens gap down on Monday, tests $4,600 again as US-Iran tensions intensify.The US Dollar extends the previous week’s late recovery amid broad risk aversion, hawkish Fed bets.Gold eyes a daily closing below the 100-day SMA support-turned-resistance for additional downside.    Gold has managed to defend… Gold has managed to defend the $4,600 level despite the bearish opening gap this Monday. Gold opens gap down on Monday, tests $4,600 again as US-Iran tensions intensify.The US Dollar extends the previous week’s late recovery amid broad risk aversion, hawkish Fed bets.Gold eyes a daily closing below the 100-day SMA support-turned-resistance for additional downside.    Gold has managed to defend the $4,600 level despite the bearish opening gap this Monday. However, the bright metal remains defensive as hopes of any de-escalation in the Middle East conflict… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.