Gold Spot / U.S. Dollar
Short

XAUUSD Decline could move downside

113
XAUUSD Gold Price Analysis

Gold continues to face downside pressure amid ongoing sell-offs. After pulling back from recent highs, Gold is now approaching the 3400 level. However, selling pressure remains strong, especially following a weak rebound from the 3377 area, which signals limited buyer interest at current levels.

Key Points
Support Zone 3365/ 3340
Resistance zone 3400 / 3410

The US Dollar is gaining strength as a safe-haven asset, which is holding back Gold’s upward momentum. This shift in sentiment is driven by increasing caution in the markets ahead of key macroeconomic events:

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