Gold Falls Due to Equity Margin Calls; Technical Focus on $3,885 Support

English summary

Gold prices faced downward pressure due to portfolio rebalancing and margin calls triggered by equity sell-offs. Despite fundamental factors like falling real yields pointing to higher prices, liquidity-driven selling temporarily suppressed gains. Daily charts show gold approaching a strong support zone near $3,885; a break below the trendline could lead to further declines toward $3,500.