Gold Bearish as US-Iran Tensions and Death Cross Weigh
Gold begins the week on a bearish note, extending its losing streak to four weeks as US-Iran uncertainty and a Death Cross pattern pressure prices.
XAUUSD
Gold (XAU/USD) is under pressure at the start of the new trading week, carrying forward a fourth consecutive weekly loss. The metal snapped a two-day recovery from seven-month lows, but renewed selling has emerged.
Market participants are factoring in heightened geopolitical uncertainty related to US-Iran tensions, which typically supports safe-haven demand, yet gold is declining. A bearish technical signal—the Death Cross—adds to the downside bias, suggesting further weakness ahead.
Source: FXStreet Forex News