XAUUSD

The pricing of gold is likely to experience a week shaped by expectations for the core PCE data to be announced on Friday. Expectations for Tuesday suggest that trades could be concentrated around the range of 3342.18–3321.75. A hold above the 3342.18 level could create room for movement towards the resistance at 3402.73. Conversely, a downward breach of the 3321.75 support has the potential to increase selling pressure towards the 3283.70 level.