XAUUSD

Weak inflation data from the US and the resulting decline in interest rate expectations have created an excellent environment for gold, which does not yield interest. Along with this positive fundamental atmosphere, the precious metal is experiencing a technically very strong buying wave, quickly breaking the 3377.62 pivot level and then the resistances, clearly indicating that the trend has turned upwards. Currently, in XAUUSD, which is consolidating around the level of 3437.71, if sustainability is achieved above this level, the next main target will be the resistance at 3467.76.