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.
- Euro: Volatility divergence points to future swings against the US Dollar.
- Gold bears tighten their grip as Fed rate hike bets rise
- Euro rallies against a weak British Pound as UK business activity disappoints
- Euro nudges up against British Pound with Eurozone and UK PMIs in focus
- Gold drops to three-day low, eyes $4,300 as hawkish Fed and Iran risks underpin USD
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