⭐️Fundamental Analysis
Gold prices fell despite increased safe-haven demand as traders anticipated signals related to the US economy.
Non-yielding gold received support as the Fed is likely to continue cutting interest rates after US PCE inflation data.
The safe-haven metal may gain in price due to rising geopolitical tensions.
⭐️Technical Analysis
Gold approached the 2638 resistance zone of yesterday's US session. This will become an important zone in today's European session. Breaking this zone, Gold will soon reach the 2648-2650 zone and soon reach the main resistance level of 2663-2665. When the price breaks the 2623 zone, do not BUY anymore and find a SELL point to 2608 to BUY again.