Gold extended its two-way price moves and remained confined in a broader trading range. As FXStreet’s Haresh Menghani notes, the bias remains tilted in favour of XAU/USD bears. See: Gold, silver to plummet by year-end to $1600 and $20 respectively – CE Key quotes “There isn’t any major market-moving economic data due for release on Monday. This might hold traders from placing aggressive bets ahead of Friday’s release of the closely watched US monthly jobs report – popularly known as NFP. In the meantime, the broader market risk sentiment, the US bond yields and the USD price dynamics will continue to play a key role in influencing the commodity.” “A sustained breakthrough near two-week-old trading range support, around the $1720 region is needed to confirm the negative bias. This will be seen as a fresh trigger for bearish traders and turn the commodity vulnerable to accelerate the slide towards the $1700 mark. The breakdown momentum could further get extended and drag the metal back towards testing multi-month lows, around the $1677-76 region touched earlier this month.” “The $1744-45 region might continue to act as a strong barrier and is followed by the post-FOMC highs, near the $1755 level ahead of the $1760 strong support breakpoint. The latter coincides with 200-period SMA on the 4-hourly chart, which if cleared decisively might trigger a short-covering move. The yellow metal might then surpass an intermediate barrier near the $1773-75 region and aim to reclaim the $1800 mark.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY remains depressed near mid-109.00s, downside seems limited FX Street 1 year Gold extended its two-way price moves and remained confined in a broader trading range. As FXStreet's Haresh Menghani notes, the bias remains tilted in favour of XAU/USD bears. See: Gold, silver to plummet by year-end to $1600 and $20 respectively - CE Key quotes "There isn't any major market-moving economic data due for release on Monday. This might hold traders from placing aggressive bets ahead of Friday's release of the closely watched US monthly jobs report - popularly known as NFP. In the meantime, the broader market risk sentiment, the US bond yields and the USD price dynamics will continue… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.