XAUUSD

Gold continues to be an asset that is primarily affected in the opposite direction by the strength of the US dollar and interest rate expectations. Positive data from the US and a strengthening dollar typically exert pressure on gold prices, while changes in inflation expectations and global risk perception continue to play a decisive role in the movement of the precious metal. Technically, with gold trading above the pivot level of 3303.57, a retreat towards this pivot may be seen if the dollar maintains its strength; below this level, supports at 3261.69 (S1), 3237.11 (S2), and 3203.88 (S3) will be monitored. However, there is also potential for a move towards resistance levels of 3328.15 (D1), 3370.03 (D2), and 3403.26 (D3) due to factors such as geopolitical tensions or dollar weakness.