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.
- EUR/JPY recovers from session low but remains down on Friday
- Euro: Fed repricing supports moderate gains against US Dollar. Aqa,,
- Euro: Oil-price sensitivity and war-end effects – Commerzbank.
- British Pound: Range trade holds ahead of Q2 GDP against US Dollar – Scotiabank.
- Gold Price Forecast: XAU/USD eyes acceptance above $4,150 amid Hormuz deal hopes
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