Spot gold ended yesterday’s session with a loss of 0.8%, settling at 3317, and started today with a further decline of 0.3%. Upcoming U.S. data—including GDP figures, the PCE index, and employment reports—are expected to play a critical role in shaping price movements. On the Chinese side, weaker-than-expected PMI data is being interpreted as an early effect of tariffs.
Technically, with downside risks increasing, a break below the 3300 support level could open the way toward 3260. On the upside, any potential rebound may face resistance at 3328 and 3353.
Technically, with downside risks increasing, a break below the 3300 support level could open the way toward 3260. On the upside, any potential rebound may face resistance at 3328 and 3353.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.