📉📈 Gold Market Forecast for Monday: Where is XAU/USD Heading Next?

Introduction

Gold (XAU/USD) traders are bracing for an eventful Monday as key economic data and global market sentiment shape price movements. With the Federal Reserve’s stance on interest rates, geopolitical tensions, and dollar fluctuations influencing gold’s trajectory, traders must stay ahead of the curve.

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Gold’s Recent Performance

Last week, gold struggled to break above the $2,050 resistance, facing selling pressure as the US dollar strengthened. However, support at $2,025 held firm, preventing a deeper decline. With fresh economic reports due, gold could see a strong move in either direction.

Key Levels to Watch

🔹 Support Zones:

• $2,025: Strong support; a breakdown could push prices toward $2,010.

• $2,000: A critical psychological level.

🔹 Resistance Zones:

• $2,050: A breakout here could trigger a rally toward $2,065.

• $2,080: Major resistance; a move above this could fuel a bullish rally.

Market Drivers for Monday

📊 US Economic Data:

• The ISM Services PMI and job market reports will impact Fed rate expectations. Weak data could boost gold.

💰 US Dollar & Treasury Yields:

• If the US dollar weakens, gold may gain upside momentum. Rising bond yields could limit gains.

🌍 Geopolitical Risks:

• Global uncertainties, including Middle East tensions, may increase demand for gold as a safe-haven asset.

Trading Strategy for Monday

📈 Bullish Scenario: If gold breaks $2,050, look for long opportunities targeting $2,065-$2,080.
📉 Bearish Scenario: A drop below $2,025 could open the door for a decline toward $2,010.
⚡ Risk Management: Use stop-losses around $2,015 for long trades and $2,055 for shorts.

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Final Thoughts

Gold traders should watch Monday’s session closely as key events could drive strong price movements. Stay informed, trade smart, and don’t miss out on high-probability setups.

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