Gold (XAU/USD) remains under pressure for the fourth straight session on Tuesday, trading just above the one-week low around the $4,000 level. Expectations for a December Federal Reserve rate cut have continued to fade, weighing heavily on the non-yielding metal.

Although the US Dollar struggles to extend its gains due to concerns over weakening economic momentum following the record-long US government shutdown, this has done little to support Gold. Even a risk-off market tone has failed to lift safe-haven demand, limiting any recovery attempts for XAU/USD.

Traders are now waiting for clearer signals on the Fed’s policy outlook. The FOMC Minutes, due Wednesday, and the delayed October Nonfarm Payrolls data, scheduled for Thursday, will be key drivers for the next major move in Gold. Commentary from Fed officials will also be closely monitored.

A firm break below the $4,000 psychological level would confirm bearish control and open the door toward $3,931 and potentially the $3,900 area. On the upside, initial resistance sits at $4,053–$4,055, with a move above this zone exposing the 200-hour EMA near $4,100.