Gold prices fall below $4,000 support level
Gold has broken below its 200-day moving average and the March trough, triggering an accelerated decline.
The price is drifting toward last October’s $3,930–3,885 support zone, with a potential rebound hinging on holding this area.
The March low near $4,100 is flagged as first resistance, with failure there risking a persistent downtrend.