XAUUSD

Gold continues its cautious trend ahead of tomorrow's FOMC minutes and Powell's speech on Friday. Expectations regarding the Fed's interest rate path are critically important for gold, a non-interest-bearing asset. While hawkish messages from Fed officials throughout the week could increase selling pressure, concerns about global growth may limit declines due to safe-haven demand.

Technical Levels: 3,389.27 - 3,271.77 - 3,250.00 - 3,236.77 - 3,315.15 - 3,201.77 - 3,284.27
Technical Commentary: Above the pivot of 3,236.77, resistance levels of 3,250.00 and 3,271.77 may come into play. In movements below the pivot, anomalous support levels of 3,315.15 and then 3,201.77 can be followed.