Gold Price Forecast:

XAU/USD flat-lined below 100/200-DMAs confluence resistance.
Gold witnessed a subdued/range-bound price action on the first trading day of a new week.
XAU/USD bears to test bulls’ commitments at critical resistance
Gold struggled to capitalize on Friday’s goodish rebound from a one-month low touched in the previous day and witnessed a subdued/range-bound price action on the first day of a new trading week. The XAU/USD remained confined in a narrow band through the early European session and was last seen trading in the neutral territory, just above the $1,780 level. Firming expectations for a faster policy tightening by the Fed turned out to be a key factor that acted as a headwind for the non-yielding yellow metal.

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