Gold Price News and Forecast: XAU/USD bulls seeking continuation in dollar weakness

Gold was trading in a tight range on Friday and it had travelled between a low of $1,764.31 to a high of $1,773.74 to end flat on the day following a late afternoon recovery.

The XAU/USD pair failed to break above $1,800 in the previous week and opened in a calm manner on Monday as investors stayed on the sidelines ahead of key macroeconomic events of the week.

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GBP/USD remains pressured between previous support line from April 12 and a three-week-old horizontal area.

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