The price of gold was pushed to a critical support area on the daily chart on Friday and is starting out the week consolidating there waiting for a catalyst. At the time of writing, XAU/USD is flat at $1.813 sticking to a $2.00 range ahead of the Tokyo open. On Friday, the price was falling to a low of $1,810.23, ending 0.75% lower to $1,814 by the close of Wall Street after reaching a high of $1,831.41. The greenback has recovered some partial ground since suffering its worst week in nearly two months due to the build-up and outcome of the Fed. However, hawkish Fed comments and data released on Friday helped to ... (full story)