XAU/USD Current price: $ 4,035Easing Middle East tensions cause Oil prices to edge sharply lower. XAU/USD holds above $4,000, but sellers hold the grip. Spot Gold trades in the $4,030 price zone, little changed from Friday’s close, yet down on Monday after starting the week with a bullish gap. XAU/USD short-term technical outlookIn the 4-hour chart, XAU/USD offers a neutral-to-bearish stance, as the pair sits below all its moving averages. The metal remains below its moving averages, with the 20-day SMA at $4,060.40, and is gaining downward traction.