XAUUSD

Gold came under pressure with the strong US data released yesterday. The negative trend in retail sales and employment reduced expectations for an early Fed interest rate cut, leading to a decrease in gold prices. Technically, it is maintaining around the pivot level of 3334.33. Resistance levels above are 3358.92, 3376.59, and 3397.72; while the support band below is significant at 3316.66, 3292.07, and 3270.34. In a strong dollar environment, upward movement may remain limited.