Gold Forecast: Pullback from Weekly Highs but Eyes End to Losing Streak

Gold’s price slipped from the weekly peak of $4,120 early Friday, though the metal is still on course to break a four-month losing stretch. The modest retreat shows selling pressure near recent highs, but the overall trajectory suggests a potential turnaround.

Market participants are closely watching whether the rebound can hold, as a positive monthly close would mark the first gain since the protracted decline began. Resistance near the highs and persistent selling interest highlight the tug-of-war between bulls and bears.

The coming sessions will be crucial in determining if the attempted breakout can sustain momentum or if sellers will reassert control, pushing gold back into the familiar losing pattern.