Expected Weekly Close Range of gold

Bear Case (likely): $4,600 – $4,850
Strong USD and continued liquidation could pressure gold back toward recent lows.

Base Case (most likely): $4,850 – $5,100
Gold is trying to form a bottom. Resistance near $5,060–$5,150 makes a close near $5,000 realistic.

Bull Case (unlikely): $5,100 – $5,350
Would need a major geopolitical shock or surprise Fed action.

Key Levels

$5,150 – Major resistance

$4,930 – Current battle zone

$4,400 – Critical support

Market Mood

Hype has turned into fear. Hedge funds cut gold exposure sharply.

Watch the US-Iran talks in Oman — bad news = spike, good news = drift lower.
$PAXG ‌