Breakout of the bear flag pattern and relative weakness on the GBP. Potential for the further drop is on the way.
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![GBP/USD tumbles to test 1.2800 as US Dollar finds fresh demand](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/iStock-689067954_XtraSmall.jpg)
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Gold price is defending minor bids in the European session on Monday, having faced rejection above $2,400. Gold price meets renewed selling pressure from a broad US Dollar upswing but the downside appears cushioned amid escalating Middle East tensions.
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