XAUUSD

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XAUUSD

The focus today will be on the US CPI data, which will be announced. If inflation comes in above expectations, there may be pressure on gold. A lower than expected CPI figure could lead to a weakening of the dollar and upward movements in gold. The remaining week may also be influenced by US retail sales and employment data in terms of pricing.
Technical Levels:
3463.65 - 3423.16 - 3402.73 - 3342.18 - 3321.75 - 3283.70 - 3220.71

The 3402.73 pivot level is critical, and sustained trading above it could aim for the resistances at 3423.16 and 3463.65. Below the 3342.18 pivot, the levels of 3321.75 and 3283.70 can be monitored as support.