Gold trades on hold at $4,306 on Monday — caught between a recovering technical structure and a macro calendar that doesn’t heat up until mid-week. With no high-impact US data scheduled today and a light European docket, the session is unlikely to provide directional conviction. The path of least resistance points toward a dip toward the $4,120–$4,138 demand zone before any meaningful recovery attempt, with Wednesday’s US CPI release serving as the week’s defining catalyst.
- Gold Weekly Forecast: Bearish pressure builds up as Middle East tensions offset USD weakness
- Gold Price Forecast: XAU/USD pulls back before the next leg down
- GBP/USD Price Forecast: Dip-buying favored on pullbacks below 1.3500
- Euro remains firm against British Pound after UK growth data
- British Pound: Modest UK growth and Bailey’s cautious stance – TD Securities.
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