Gold recovers 100 pips on the first day of the week!

Hello everyone! Today's gold price is showing quite a promising recovery, with an early surge of nearly 100 pips in the trading session. However, this uptrend is yet to be firmly established, facing numerous uncertainties as the prevailing direction remains bearish, influenced by various monetary policies at play.

The immediate resistance levels that gold must confront are $2178, followed by $2185 USD. From a technical perspective, gold could still face further declines if it breaks through the support level at $2158 USD, with an eye towards the $2150 USD target.

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