The precious metal was trading flat on Monday after posting three days of gains from the week before.
Gold traders are likely to stay on the sidelines, waiting for more fundamental cues. Later in the week, US inflation and retail sales numbers are due.
XAU/USD Holds Steady at Resistance
The precious metal made strong gains and held on to them on Monday. Price action is trading near the resistance level of the 1573 – 1569 region. This keeps the bias mixed.
An upside momentum could see gold retesting recent pivot highs of 1590. To the downside, a correction could push XAUUSD to the early February lows of 1548.50.
