XAUUSD

While the search for direction in gold prices continues, the service sector data to be announced from the U.S. today should be closely monitored technically, with the important support range of 3342.18–3321.75; if it falls below this region with a strong dollar outlook, a decline to levels of 3283.70 and subsequently 3220.71 can be anticipated. If the expected data yields a negative effect on the dollar, a short-term upward movement could test 3402.73 with the recovery of 3342.18; however, the market remains focused on the upcoming U.S. macro data.