Gold price forecasts suggest a drift lower for XAU/USD, now trading below the $2,900 mark due to ongoing profit-taking activities. After a sustained rally, profit-taking is common as traders capitalize on previous gains. This market behavior can signal a temporary short-term decline. However, for long-term investors, this could mean a strategic entry point into the market. Keeping tabs on how gold responds to economic indicators is essential for gauging future movements. Analyze these developments closely for informed trading positions.