💰 $XAUUSD price makes another recovery attempt toward the $1,940 level 💵 The $USD is seeing a fresh selling wave amid an improvement in risk sentiment and steady US Treasury bond yields Full forecast ⏩ Forex Commodities
at the European Central Bank Forum in Sintra will also hold the key for the market’s repricing of the Fed’s rate hike expectations.
Gold traders will also look forward to a slew of ECB policymakers will take up the rostrum at the central bank forum in Sintra on Tuesday, as they will touch upon various topics such as monetary policy normalization and inflation.Technically, nothing seems to have changed for the Gold price, as it keeps its recovery mode intact between two key levels.
Therefore, Gold price could challenge the key support of the March 17 low at $1,918 if buyers loses the recovery momentum. The three-month low of $1,911 and the March 16 low at $1,908 will be put to test, below which floors will open up toward the $1,900 threshold.
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