XAUUSD

Throughout the week, a strong dollar and rising real yields put pressure on gold. Today, changes in Michigan expectations could influence the direction of gold prices. A relaxation in inflation expectations might support a recovery in gold; in the opposite scenario, pressure could continue. Geopolitical headlines may limit the lows in the short term.

Technical Levels: 3463.65 - 3423.16 - 3402.73 - 3342.18 - 3321.75 - 3283.70 - 3220.71

Support levels of 3321.75 and 3283.70 should be monitored below the pivot at 3342.18. Sustaining above 3402.73 could target the resistance levels of 3423.16 and 3463.65.