XAUUSD H4 | Market Outlook

- Gold prices and continue to consolidate sideways despite a declining US dollar. US yields also moved lower following a softer than expected US retail sales report. The weekly chart of gold is forming a bull flag continuation pattern which is a pause that refreshes higher. Support is seen near the October lows at 1,850. Short-term momentum has turned positive as the fast stochastic generated a crossover buy signal.