Gold Price Forecast: XAU/USD recovers on US-Iran ceasefire hopes, but a Bear Cross looms

Gold sees a brief recovery stint for the second straight day on Wednesday, gaining roughly 2.5% so far, courtesy of the renewed market optimism induced by potential ceasefire talks between the United States (US) and Iran. Gold sees a brief recovery stint for the second straight day on Wednesday, gaining roughly 2.5% so far, courtesy of the renewed market optimism… Gold sees a brief recovery stint for the second straight day on Wednesday, gaining roughly 2.5% so far, courtesy of the renewed market optimism induced by potential ceasefire talks between the United States (US) and Iran. Gold looks to extend the recovery above $4,600 amid a potential de-escalation of the Middle East war.The US Dollar loses attractiveness as a safe haven as risk flows return on US-Iran ceasefire talks.  Gold awaits acceptance above the 100-day SMA at $4,619, but the daily RSI remains below 50.Gold sees a brief recovery stint for the second straight day on Wednesday, gaining roughly 2.5% so far, courtesy of the renewed market… 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.