XAUUSD H2 | Important Movement

- Gold prices moved sideways on Monday as the dollar edged higher and yields moved lower. The stronger than expected Dallas Fed Survey failed to buoy yields. This move comes ahead of a deluge of data later in the week as the U.S. releases ISM Manufacturing and the Non-Farm Payroll report.
- Technically View: Gold prices continued to form a bear flag continuation pattern. Prices remain above support near the and upward sloping trend line that comes in near 1762. A break of this level would lead to a test of target support near an upward sloping trend line that comes in near 1731.