XAU/USD Forecast: Downward Trend Fundamental Insight: Gold prices have dipped below $2,400 after peaking at $2,483 due to weak US employment data and a stronger dollar. This drop reflects profit-taking and dollar strength. However, potential interest rate cuts in the US and rising geopolitical tensions could soon boost gold prices. Technical Outlook: XAU/USD is currently just under $2,400. The key support level is between $2,453 and $2,463. If this support holds, gold could rebound towards $2,417 and beyond. However, a break below this support might push prices down to $2,300