XAUUSD 4D Market OutlookXAU/USD SpotFX:XAUUSDGOLDFXCCGold is holding steady around $4000 as the U.S. government shutdown, now in its 38th day, fuels safe-haven demand and keeps traders cautious. The lack of official economic data, including job reports, has forced investors to rely on mixed private indicators, adding to uncertainty. Expectations for a Federal Reserve rate cut in December have grown, with the CME Fed Watch Tool showing a 67% chance, up from 60% last week. This shift, combined with a softer U.S. dollar and falling Treasury yields, continues to support gold prices. The dollar index slipped to 99.56, while the 10-year Treasury yield dropped to 4.09%, both adding tailwinds for the metal. Physical gold demand remains weak in India due to high prices, while China’s commodity policy changes could influence the market indirectly. Technically, gold remains in an uptrend, holding firm above key support levels between $3846 and $3720. The 52-week moving average at $3222 continues to act as major support. On the upside, resistance is seen near $4134, with a potential target of $4381 if that level is broken. Overall, gold maintains a bullish tone above $4000, supported by expectations of lower interest rates and ongoing safe-haven demand. However, a clear breakout likely depends on progress in resolving the U.S. shutdown or stronger signals from the Federal Reserve about future policy moves.