Gold Reverses Below $4,070 on Iran Risk and USD Strength

Gold fell from above $4,100 to test $4,050 as USD firmed on Iran geopolitical risks, reversing the soft PCE-driven rally. Key support at $4,050, $4,000; resistance at $4,066 (21-day SMA), $4,070, $4,100. Short-term bias bearish below $4,070. Latest articles confirm consolidation near $4,050 after Fed pause and softer June inflation, with focus shifting to US employment data as the next catalyst. Range-bound strategy between $4,000-$4,100 is reinforced.