XAUUSD

Gold has recorded a significant increase in value with the strengthening signals of the Fed's easing. Current pricing is taking place above the pivot level of 3342.18, while testing the resistance at 3402.73. From a macroeconomic perspective, weakening U.S. employment data and increasing expectations for interest rate cuts are positively reflecting on gold prices. The most critical data of this week, the U.S. Jobless Claims on Thursday (expectation: 221K), will be decisive for pricing. From a technical standpoint, the upward movements create important resistance levels at 3423.16-3463.65, while potential corrections should be monitored at the main support area of 3321.75-3283.70. Gold purchases within the framework of central banks' reserve diversification strategies and geopolitical risk premiums remain significant supportive fundamental factors for prices.