XAUUSD

Gold prices are trading below the pivot level. The contraction in the economy and concerns about unemployment are increasing demand for safe havens, providing support for gold. Trump's investment announcements (Taiwan Semiconductor's $100 billion and Apple's $500 billion investments) have increased risk appetite and caused partial sell-offs in gold. In the continuation of the downtrend, support levels of 3,258.46 and 3,232.45 will be monitored. In the event of a potential rebound, the pivot level needs to be surpassed first, followed by a break of the resistance at 3,319.59. The U.S. economy, contracting by 0.3%, along with low employment data, may help limit declines in gold.