XAU/USD: Gold Keeps Bullish Near-Term Bias, Eyes US Inflation Report for Fresh Signals

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XAU/USD: Gold Keeps Bullish Near-Term Bias, Eyes US Inflation Report for Fresh Signals

Spot gold remains at the front foot on Monday and extends recovery as dollar pulls off twenty-year high, pressured by renewed risk appetite. Bounce from $1690 zone, where a temporary base is forming, extended on Monday after an initial signal of a bear trap pattern forming on weekly chart, following double rejection under $1700 support. […]

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Source: XAU/USD: Gold Keeps Bullish Near-Term Bias, Eyes US Inflation Report for Fresh Signals