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Gold Price Forecast: Bull Flag Breakout in Progress - Levels for XAU/USD
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Gold Price Outlook:
Gold prices have held above multi-month bull flag resistance, increasing confidence that a march back to all-time highs has begun.
Weakness in US Treasury yields and the US Dollar (via the DXY Index) are helping give gold prices a fundamental boost on Monday.
According to the IG Client Sentiment Index, gold prices have a mixed bias in the near-term.
Holding onto Gains
Gold prices have continued their advance at the start of the new week gaining just over +0.1% as both US Treasury yields and the US Dollar (via the DXY Index) have softened. Markets continue to keep a close eye on the cryptocurrency world after another wave of intense selling over the weekend was met by a fresh round of dip buyers. Given gold’s success during the cryptocurrency selloff, there’s a strong case to be made that further weakness in crypto markets could help cater to hi ....

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