XAUUSD

Markets will now focus more on political headlines than on economic data sets. The government's shutdown and President Trump's statements suggesting he will use it as a political tool will keep the risk perception in the markets at a high level. The absence of significant data like TDI means there will be less information about the Fed's next move, which increases uncertainty. This environment is quite supportive for gold. The ground is quite suitable for the price to move towards the levels of 3896 (Resistance 1) and 3888 (Resistance 2). On pullbacks, the level of 3878 (Support 1) can now work as a much stronger buying zone.