The US NFP employment data report was the main focus of trading in the last session of last week but did not have a significant impact on gold.
For the last few weeks of trading, the downward price pattern has begun to appear after reaching an all-time high of $3,500.
The attraction to gold assets has begun to fade as the development of the global tariff war shows some relief from previous tensions.
However, analysts still see the potential for gold to return to the spotlight in a market environment that remains uncertain for the near term.
The price movement on the XAU/USD chart, which measures the value of gold against the US dollar, is evaluated until the US jobs data is published.
The US dollar managed to close the last session of last week's trading session well after gradually recovering from the decline in the initial reaction to the NFP report being published.
The strengthening of the US dollar towards the end of the session has pushed the price of gold back to around 3220.00 which is the support zone at the time of price creation.
However, the price did not wait long to bounce back at the opening of the Asian session this morning (Monday) towards the 3270.00 level.
The slow price movement around that area continued until the early opening of the European session.
If the price is able to continue to rise further after passing the 3270.00 zone, the price will show a bullish movement pattern again.
The price has the potential to pass 3300.00 before heading to higher concentration levels.
However, if the price is pressured to fall again, the 3220.00 zone remains an important support to continue to test.
If the zone fails to curb the price fall, the decline will continue towards around 3150.00-3100.00 again.
