Spot gold prices were mixed on Monday, trading around $2,335, driven by a weaker U.S. dollar. Traders await key data from this week's U.S. Federal Reserve meeting and upcoming U.S. economic data, with market expectations tilting toward interest rates holding steady, but any hawkish stance or hints of delaying a rate cut could push the dollar higher.
In the short term, gold prices may continue to maintain a somewhat volatile trend. However, judging from the hourly trend, after continuous shocks, the price began to gradually move out of a low and narrow range, which tends to indicate that in the short-term trend , gold prices may rebound to a certain extent.
Investors can pay attention to the breakthrough of the two key positions of 2325 and 2350 as a signal to enter or exit the market. Finally, in the hourly rebound trend, investors can find suitable entry points for short-term operations, but at the same time, they should also set stop loss points to control risks.