XAUUSD

Gold is continuing its search for balance around the 3385.17 pivot level. Powell's failure to provide a clear signal regarding the economy has led to a sideways movement in precious metals. Today's US Existing Home Sales data may have a limited impact on gold prices. If the price holds above the pivot, resistance levels of 3425.51, 3441.80, and 3470.11 may be tested. In the event of a downward movement, support levels of 3368.88, 3328.54, and 3300.22 should be monitored. Tomorrow's European Central Bank meeting and US unemployment claims data will be decisive for gold pricing.