XAUUSD

The strong Dollar theme and the opportunity cost created by the high interest rate environment are putting pressure on Gold. The precious metal is pricing this pressure by staying below the pivot level of 3369.16. If selling pressure continues, 3350.33 is the first support level, and if it breaks, the 3328.73 level may be targeted. A relaxation in the Dollar due to U.S. data could bring some buying to Gold.