Gold Price Forecast: XAU/USD gathers strength for the next leg lower towards $1800

“Gold is defending the 50-Simple Moving Average at $1812 for now but remains at a risk of additional downside.

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EUR/USD stays pressured around 1.1800, printing three-day downtrend, Risk appetite worsens on covid concerns, doubts over Fed’s next moves.

GBP/USD has started out the week on the back foot as the price drops near to 1.3750.

Also, putting a safe-haven bid under the dollar and dragging gold, could be the indecision over the Fed’s next moves.

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