XAUUSD

The Fed's interest rate reduction process, geopolitical tensions, and central banks continuing to buy gold are supporting the precious metal. Powell's cautious statements regarding inflation and recent profit realizations indicate a consolidation phase following a sharp rise. Technically, resistance levels at 3299.05, 3329.09, and 3388.83 will be watched for upward movements, while support levels at 3179.57, 3090.13, and 3030.39 will be tracked for downward movements. Global risks, movements in the dollar index, and inflation expectations will continue to affect gold prices. It is considered risky to evaluate positions based on support levels during pullbacks and to assess positions in the direction of sales.