XAUUSD H1 | Market View

- Gold prices rebounded sharply on Monday, as the dollar eased and yields moved sideways.
Also despite the rebound, prices formed an inside day which is a sign of indecision. With the 2-year yield continuing to remain buoyed following the decision by the Federal Reserve which saw the dot plots change slightly, it will be hard for gold to gain traction.
- Short-term momentum has turned positive and generated a crossover buy signal. Prices are in oversold territory.