Gold Price Forecast: XAU/USD risks pullbacks amid oversold conditions, Gulf war

Gold is continuing its downward trajectory back under the $4,400 level early Tuesday, as the war in Middle East drags on even after US President Donald Trump’s effort to extend the ultimatum for Iran to reopen the Strait of Hormuz within 48 hours. Gold drops back below $4,400 as sellers retain control amid Trump’s TACO trade as Gulf war… Gold is continuing its downward trajectory back under the $4,400 level early Tuesday, as the war in Middle East drags on even after US President Donald Trump’s effort to extend the ultimatum for Iran to reopen the Strait of Hormuz within 48 hours. Gold drops back below $4,400 as sellers retain control amid Trump’s TACO trade as Gulf war extends.The US Dollar regains traction as Israel launches fresh strikes on Iran, despite Trump’s pause on attacks.Gold managed to close Monday above $4,400 amid two-way wild swings, RSI stays oversold.Gold is continuing its downward trajectory back under the $4,400 level early Tuesday, as the war in Middle East drags on even after US President Donald… 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.