XAUUSD

The gold price fell again after failing to break above the critical resistance of $4,580/90, with momentum pointing to a further decline. This setup anticipates a further push lower as sellers maintain control.

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 above $4,530. 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.