• GBP/AUD dipped on Monday as rallies in gold, silver, copper and oil supported Australian dollar against pound
• Oil prices settled up nearly 3% after Trump's comments fueled supply fears as the Strait of Hormuz stayed largely closed with no clear end in sight for the war.
Gold prices reversed course to rise in volatile trading on Monday, as investors assessed •developments in U.S.-Iran diplomacy and waited for key U.S. inflation data due later this week.
•Spot gold rose 0.44% to $4,735.39 an ounce. U.S. gold futures GCc1 rose 0.15% to $4,727.70 an ounce.
• Immediate resistance is located at 1.8866(SMA 20), any close above will push the pair towards 1.8960(Higher BB).
• Strong support is seen at 1.8760 (Lower BB), and break below could take the pair towards 1.8685(23.6%fib).
Recommendation: Good to sell on around 1.8780 with stop loss of 1.8900 and target price of 1.8700
