GOLD is challenging a robust resistance area at 2304, as well as a pullback level at 2314.7, establishing a new key resistance within the correction phase. Both technical and fundamental indicators for gold are negative; thus, a medium-term decline is anticipated. However, tomorrow's announcements, including CPI, FOMC, and the FED meeting, will likely address the overall inflation scenario and U.S. interest rates.
Support levels: 2300, 2291, 2267 Resistance levels: 2304, 2314, 2325
Today, the market may fluctuate within the 2291 - 2325 range. The prospective direction will be clearer tomorrow (before the news), but intraday, a retest of resistance followed by a potential retreat to support levels is expected.