Gold prices rose slightly by 0.1% during Monday’s trading, looking to regain their upward march after falling for two consecutive sessions.

Gold is currently trading above the weekly pivot point at $4065, noting that a sustained move above it may push prices towards resistance levels at $4133 then $4200.

On the downside, if gold prices fail to maintain their trading above the pivot point at $4065, they will lose their positive momentum and test the bullish trend line. If gold settles below the aforesaid trend line, it may fall towards support levels at $3998 and then $3930.

On the economic data front, investors will be keeping close tabs on the economic calendar this week, especially a fresh gauge of retail spending due out on Tuesday.

The reading, which was delayed by the record-long 43-day government closure, is anticipated to show that U.S. retail sales grew by 0.4% month-over-month in September, compared to 0.6% in August.

Elsewhere, traders will also finally get a look at the September U.S. producer price index from the Bureau of Labor Statistics.

Yet another vital data piece postponed by the government shutdown, economists expect the measure to increase by 0.3% month-over-month in September.

From a fundamental standpoint, the United States and Ukraine were anticipated to carry on negotiations over a potential peace agreement that would bring a halt to the latter’s prolonged fighting with Russia. Both sides said on Sunday they would make changes to an initial proposal put forward by the U.S. President Donald Trump, which critics have claimed was too favorable for Russia.

Trump previously urged Ukraine to sign on to the peace plan by Thanksgiving, but U.S. Secretary of State Marco Rubio later suggested the deadline was not unmovable.