Gold trades bullish at $4,321 in early Monday trading, consolidating just below the $4,325 resistance cluster after a sharp recovery from the $4,180–$4,200 demand zone last week. Price has reclaimed all key moving averages on the 15-minute chart, with the structure favoring continuation toward $4,340 and $4,383 provided the $4,247 support base holds. The week’s dominant event — Wednesday’s FOMC decision — anchors directional risk, but today’s session is shaped by ECB President Lagarde’s remarks and the opening of G7 meetings.
- Gold: Bull market conviction broadens – Societe Generale
- Gold recovers intraday losses to sub-$4,400 as USD slumps despite Fed rate hike bets
- Euro: Tight range with downside bias against US Dollar.
- Gold remains on the defensive as USD steadies ahead of key US NFP report
- Euro stalls above 1.1600 with Eurozone Retail Sales, US Nonfarm Payrolls on tap
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