•Gold price ticks lower on Monday following the post-NFP price action whipsaw.
•Elevated US bond yields act as a tailwind for the USD and exert pressure on the XAU/USD.
•A softer risk tone should help limit deeper losses as the focus shifts to the US inflation data.
Gold price (XAU/USD) staged a goodish intraday recovery of around $40 from over a two-week low...
This is looking like a legit breakout attempt with decent volume. I love this play because there is not much overhead supply. Hoping for a strong close into the weekend.