XAU/USD rebounds $40 to $3,994 but faces resistance at $4,030 level

Gold (XAU/USD) has gained approximately $40 today, trading near $3,994 after bouncing from yesterday's low around $3,886. The precious metal reached an intraday high of $4,030 before encountering selling pressure, suggesting this level acts as significant resistance. The 1% recovery reflects renewed safe-haven demand amid uncertainty surrounding upcoming central bank decisions from the Federal Reserve, Bank of Japan, and European Central Bank. Technical indicators show the metal maintaining support above the $3,886 level, which could serve as a foundation for further gains. However, the inability to sustain moves above $4,030 indicates sellers remain active at higher levels. Traders are closely monitoring whether gold can establish a foothold above the psychological $4,000 mark, which would signal potential for testing the $4,030 resistance again. A decisive break above this level could accelerate momentum toward $4,050-$4,075 range.