XAUUSD

The GDP from the US, along with the ADP and the Non-Farm Payrolls on Friday, as well as the FOMC week, may cause high volatility in gold. The pivot level of 3319.08 will be decisive before the Fed's interest rate decision and the FOMC statements. A strong dollar and good employment data may push gold towards the supports at 3292.83 and 3275.55. A dovish message after the FOMC or global concerns could cause gold to gain momentum again towards the resistances at 3336.36, 3362.61, and 3384.37. Especially during moments when uncertainty ends on the US side, sharp breaks are likely to occur.