XAUUSD

Gold is fluctuating around the pivot level of 3321.90. The FOMC minutes released yesterday revealed that Fed members are divided on the interest rate reduction path for 2025. The belief among some members that there may be no rate cuts at all could put pressure on gold prices in the short term. However, geopolitical tensions and central banks' tendencies to increase gold reserves continue to support prices. As there are no significant economic data today, the focus will be on technical levels. Resistance levels of 3341.97 and 3352.01 may be targeted above the resistance of 3333.66. In case of any pullbacks, support levels of 3313.59 and 3301.83 will be monitored.