# Gold Bears Control Below 4021

> Gold prices drop as bears hold below 4021, targeting 3960 next.
- Title: Gold Bears Control Below 4021 · TradingView | Shortify
- Summary: Gold prices drop as bears hold below 4021, targeting 3960 next. Gold fell 3.5% this week, heading for steepest weekly decline since June as oil prices rise…
- Keywords: gold, oil prices, fed rates, 4021, 3960, 3900, 4046, 4064, business, finance, Bears, Control
- Source: TradingView — https://tradingview.com/chart/XAUUSD/DFMKVLw9-GOLD-Bears-Remain-in-Control-Below-4021
- Published: 2026-10-23T14:46:47+00:00
- Read time: 1 min
- Topics: gold, oil prices, fed rates, 4021, 3960, 3900, 4046, 4064, business, finance
## Gold Declines
Gold prices dropped 3.5% this week after briefly falling below $4000.
## Oil Prices Rise
Oil prices climbed following Houthi attacks in Saudi Arabia, raising inflation concerns.
## Fed Rate Expectations
Markets expect another Fed rate increase by December as gold trades below 4021.
## Technical Targets
Gold targets 3960 next if it breaks below 4021, with 3900 as a further downside level.
## Key takeaway

Gold fell 3.5% this week, heading for steepest weekly decline since June as oil prices rise and Fed rate expectations stay high.