GOLD: Intraday Analysis & Setup update

Gold held around $2,080 an ounce on Monday after gaining nearly 2% in the previous session, underpinned by a decline in the dollar and Treasury yields amid weakening US economic data.

Last week, data showed that US manufacturing activity contracted for the 16th consecutive month in February, while the University of Michigan’s consumer survey showed weaker-than-expected morale last month.

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