As you can see, the market has cooled down. It is moving sideways between the 2300 and 2350 price ranges. I think the market might slowly climb up toward the last Friday highs. There could be resting liquidity above the resistance zone at 2350. This is the area where a structure shift occurred. If you zoom out, you can see that the price was fluctuating around the 2360 price level, and the market was pushed down a couple of times from this level. I expect to move up, grab the liquidity, then move downward to test the support zone below 2300. My goal is a support level at 2310.000
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Gold prices rose on Monday helped by a softer U.S. dollar, while investors waited for the Federal Reserve policy meeting and U.S. non-farm payrolls data due this week for policy clues.
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