Gold price retests $4,000: support or the next leg down?

Gold spent Monday morning doing exactly what it failed to do all last week: holding $4,000. Spot metal rebounded to roughly $4,011 to $4,017 in early Asia on a softer dollar and lower Treasury yields, and December futures traded near $4,026, up about half a percent on the session. The move snaps a two-day losing streak. It does not, by itself, answer the question that matters this week. Is $4,000 genuine support, or is this a pause on the way to $3,942?

Key takeaways Gold fell roughly 4% last week and broke below $4,000 on Friday for the first time since mid-July, printing a three-month low near $3,975. Monday's reclaim to roughly $4,011 to $4,026 came on dollar softness and a 10-year Treasur…