XAUUSD

Gold was affected yesterday by the general risk appetite in global markets and movements in the dollar. Today's personal consumption expenditure data to be released from the US will be decisive for the direction of gold. An increase or decrease in inflationary concerns will impact safe-haven demand and, consequently, gold prices. If the effort to hold above the pivot level of 3303.39 continues, resistance levels of 3360.75, 3388.91, and 3431.67 may come into play. In the event of increased selling pressure, support levels of 3275.23, 3217.87, and 3175.11 will be significant.