Gold Spot / U.S. Dollar
Short
Updated

Current Analysis and Forecast of Gold Price

737
On Monday, the price of gold exhibited relatively subdued behavior, largely oscillating within a narrow trading band.

During the European trading session, the yellow metal briefly ascended to test the $3,033 resistance level. Subsequently, in the US trading session, it encountered a significant pullback, with prices temporarily dipping to a low of $3,002.

Despite the emergence of a rebound, the momentum behind it appears lackluster. Looking ahead, in the subsequent trading, gold is anticipated to consolidate within the range of $3,000 - $3,030.

XAUUSD
sell@3025-3035
tp:3010
buy@3000-3010
tp:3030

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The trading strategy for XAUUSD remains unchanged today. Wait for the appropriate entry opportunity.

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