Buy position is envisaged if price trades above 1803.62 with take profit at 1805.67
Sell position is envisaged if price trades below 1794.70 and take profit at 1792.14
4:00pm USD ISM Services PMI
Gold prices were steady on Monday despite stronger-than-expected U.S. jobs data indicating more potential interest rate hikes, while copper prices rose as more Chinese cities relaxed COVID-19 restrictions, raising hopes for a full reopening.
Analysis: SCRUM Team