Gold

The gold price is correcting the losses, although its attempts to move higher appear limited. As a result, the metal remains vulnerable to further losses if the bearish sentiment persists.

Key Indicators

• Possible further pullback to attract late buyers and correct imbalances.

• Supported by a downward-sloping moving average.

Fundamental Context

The gold price slightly rebounded from the early losses. As of this writing, the metal trades near $4,110. Fundamentally, the metal is expected to be extra volatile this week due to a busy economic calendar, and all eyes remain on Thursday's US PCE inflation report.