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Gold Price Forecast: XAU/USD looks vulnerable whilst below $4,580-$4,630 supply zone

From fxstreet.com

Gold is holding the previous pullback from two-week highs of $4,595 early Monday, as buyers struggle to find a fresh impetus amid looming uncertainty surrounding the ceasefire extension deal between the United States (US) and Iran. However, a lack of clarity remains on the ceasefire, with markets still awaiting US President Donald Trump to review the proposal and respond to Iran. Axios reported early Monday that Trump wanted to reinforce multiple points of the deal that he felt were important, such as what to do with Iran’s nuclear material, adding that Trump was informed it could take three days for Iran to respond. ... (full story)

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  • Category: Technical Analysis