Gold Price Stalls Below Trend Line for Fifth Day as XAU/USD Holds $4,400

Gold rose 0.54% to $4,400.26 by 08:40 UTC on Monday, August 17. XAU/USD remained pinned below its descending trend line for a fifth consecutive session. The line starts at January's record high above $5,500 and now crosses a resistance band that has stopped the recovery since last week. Gold reached its highest level in more than two months on August 12, yet the move did not produce a confirmed…