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 shrugs off Fed hike as falling yields reopen path to $4,400
- Euro: Fair value falls on oil and Fed pressure against US Dollar.
- Gold: Higher yields cap recovery prospects – OCBC
- Gold consolidates gains as traders brace for Fed interest rate decision
- GBP/USD Price Forecast: Fails near 1.3500 as bears eye 200-SMA ahead of Fed decision
Free Forex Signals 
Leave a comment