## Gold Battles for Stabilization at 4,400 USD – Analysts Watch New Support

### Session Under Pressure: XAU/USD Seeks Bottom

The precious metal survived a second consecutive bearish session on Thursday, losing positions after an unsuccessful attempt to break through the 4,500 USD barrier. Currently, XAU/USD is trading around 4,428.46 USD, where it encounters its first significant resistance at the 4,400 level. This support area is associated with the 100-period simple moving average maintained since mid-November and previous highs from December 31 and January 2, making it an important point of observation for market movers.

Meanwhile, geopolitical issues—tensions concerning Venezuela, China, Iran, or Greenland—have given way to more pragmatic factors. Investors are now focusing on tomorrow’s Nonfarm Payrolls report, which could determine the Federal Reserve’s next steps regarding easing monetary conditions.

### Technical Indicators Signal Deepening Correction

Signals from technical tools suggest an intensification of selling pressure. The MACD histogram has moved into negative territory, and the MACD line has fallen below the signal line—an indication of a shift in momentum against buyers. At the same time, the RSI indicator has fallen below the critical 50 threshold, signaling a transition into a bearish phase.

The formation of a lower high this week, combined with these indicators, opens the scenario for a deeper correction for gold.

### Scenarios to Watch: Recession Lows on the Horizon

If selling pressure persists and XAU/USD decisively breaks below 4,400 USD, the next downside targets could include the January 2 low around 4,309 USD, followed by the December 16 and 31 lows in the 4,270 USD zone.

On the upside, investors are closely watching yesterday’s peak near 4,500 USD. Additionally, the historical maximum from December 26 at 4,449 USD remains an important reference point for a potential rebound. The gold forecast for the coming days will largely depend on whether the market maintains support at 4,400 or allows for a deeper recession.