XAUUSD

Yesterday, after the US CPI data, the market showed a flat and volatile trend in gold. While geopolitical uncertainties continue, critical data such as the US PPI and crude oil stocks are in focus today. An upward deviation in the PPI could support the Fed's hawkish stance and increase selling pressure on gold. Technically, support levels of 3241.73 – 3264.80 – 3287.87; a pivot at 3334.02; and resistance levels of 3347.81 – 3380.16 – 3403.23 should be monitored. The outlook is cautious, and volatility may increase ahead of the data.