The price of gold keeps red before the USA PMIS; Bears have an advantage and then below $ 3,400

The price of gold attracts fresh sellers on Monday, when the hawk attitude of the Fed is the basis of USD.
Eskain geopolitical tensions in the Middle East can offer support for the Xau/USD couple.
Traders are now waiting for the Global Flash PMIS release for miniature -term impulses.

The price of gold (Xau/USD) maintains its tone in the first half of the European session, although it is not the next among mixed basic tips. The US attack on Iran’s nuclear facilities on Sunday increases the risk of a broader conflict in the Middle East and is the basis for the status of the US dollar (USD) as a global reserve currency. Adding to this, the signal of the Federal Reserve (FED) is perceived as another factor supporting the loan for the zloty and exerting the pressure down to the inferior yellow metal.

When investors are waiting for Iran’s reaction to American raids, the risk of further escalation of geopolitical tensions in the Middle East still burden the mood of investors. In addition, persistent trade uncertainties offer some support for a safe and sound price of gold and helps limit the minus of a lot. Therefore, it will be reasonable to wait for a forceful observing sales before the extension position of the recent withdrawal from almost a two -month peak, because traders look at PMI USA at a modern impulse.

Daily Digest Market Movers: Gold Price is exerted on the Jastrzębi attitude Fed, a modest USD growth

In a significant escalation in the ongoing war between Iran and Israel, the USa shot the raids focused on three Iranian nuclear places in Ford, Natanz and Isfahan early Sunday. Foreign Minister Iran Abbas Araghchi swore that Iran would defend himself at all costs not only before the US military aggression, but also the reckless and illegal activities of the Israeli regime.
Araghchi called the outrageous event and added that this would have eternal consequences. Meanwhile, US President Donald Trump warned that any retaliation would be a meeting with greater force and added that there would be a room or a tragedy for Iran. This throws the risk of background and a broader conflict in the Middle East, which should be the basis of the price of gold in a safe and sound place.
This year, the federal reserve provided for two rates of rates. However, FED officials forecast only one reduction in the 25-uniform rate in each of the 2026 and 2027. Among the fears that Trump’s administration tariffs can augment consumer prices. This helps the American dollar in maintaining stability near the swing from last week and maintains the lid on a further movement of the inflexible yellow metal.
The Monday edition of Flash PMIS can provide fresh insight into global economic health. This, with geopolitical development, will affect the sentiment of risk and drives safe and sound Xau/USD. In addition, the USD price dynamics should provide a significant impulse and facilitate the goods to break the weekly commercial range.

The price of gold is waiting for a break and acceptance below 200 % SMA on a 4-hour table

From a technical point of view Xau/USD Bears are waiting for the following sale below the 100-speed straight movable medium (SMA) and convincing break below the short-term ascending channel before placing fresh plants. Considering that the oscillators on the daily table lose positive adhesion and acquire a negative momentum on the hourly charts, the price of gold can then accelerate the decrease in the direction of indirect support in the amount of 3,323-3 322 USD before it finally falls to levels below USD 3300.

On the other hand, it seems that a $ 3,400 figure appeared as an immediate forceful barrier for the goods. They have become beyond the price of gold can augment the price of gold to the region in the amount of 3,434-3 435 USD on the way to area $ 3 451-3 452 USD, which is almost two months affected on Monday. Some subsequent purchases would allow bullom to strive for the challenge of all time, about 3,500 USD of a psychological sign. The latter is approaching the obstacle of the growing channel and can limit precious metal.

Economic indicator

S&P Global Composite PMI

. S&P Global The index of sophisticated purchases (PMI), issued every month, is a leading indicator assessing the American activities of private business in the production and service sector. The data comes from surveys to the higher management staff. Each answer is weighted according to the size of the company and its contribution to total production production or the results of the services included by the subsector to which this company belongs. Answers to the survey reflect the change, if in general, this month compared to the previous month and can predict changing trends in official data series, such as gross domestic product (GDP), industrial production, employment and inflation. The index ranges between 0 and 100, at 50.0 signaling without changes in the previous month. Reading above 50 indicates that the private economy is generally developing, a stubborn sign for the American dollar (USD). Meanwhile, reading below 50 signals that activity will fall generally, which is perceived as a bear for USD.