XAUUSD B

Key Indicators

• The $4,450/30 support zone is crucial for the upcoming sessions held last week. The zone represents a significant support level for this week.

• RSI is still slightly above 40, which means there’s room for another move up if buyers regain control.

Fundamental Context

Some of the key data points expected to dictate this week's gold price movements include the US core PCE and GDP data, which are due on Thursday. Meanwhile, geopolitical developments in the Middle East and concerns about inflation continue to be the main factors influencing market activity this week.