Gold Price Forecast: Acceptance above 50-day SMA or $4,900 critical to sustain uptrend

Gold is pulling back from four-week highs of $4,871 set earlier in the Asian session on Wednesday, as buyers take a breather, weighing the likelihood of a peace deal reached at the upcoming talks between the United States (US) and Iran. Gold snaps two-day recovery early Wednesday, retreating from monthly highs near $4,870.The US Dollar finds its feet after… Gold is pulling back from four-week highs of $4,871 set earlier in the Asian session on Wednesday, as buyers take a breather, weighing the likelihood of a peace deal reached at the upcoming talks between the United States (US) and Iran. Gold snaps two-day recovery early Wednesday, retreating from monthly highs near $4,870.The US Dollar finds its feet after crumbling to six-week lows, despite hopes of diplomacy in the Iran war.50-day SMA appears to be a tough nut to crack for Gold buyers amid a Bear Cross, while RSI holds just above the midline.Gold is pulling back from four-week highs of $4,871 set earlier in the Asian session on Wednesday, as buyers… 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.