Daily gold bias
Clear bias for XAUUSD based on price action and key zones.
Gold prices have steadied after one of their sharpest monthly declines in years, and HSBC believes the precious metal is approaching a level where long-term investors may begin returning. Gold (XAU/USD) traded near $4,021 on Monday, little changed on the day after falling more than 11% in June from highs above $4,540.