XAUUSD

Following the high U.S. inflation data announced on Tuesday, today's U.S. PPI data and unemployment claims will be critical for gold, which is under pressure. A potential increase in producer prices could indicate that inflationary pressures are ongoing, reinforcing the Fed's hawkish stance and increasing selling pressure on gold. Geopolitical risks continue to be a factor limiting downward movements in gold.

Technical Levels: 3463.65 - 3423.16 - 3402.73 - 3342.18 - 3321.75 - 3283.70 - 3220.71

Remaining below the 3342.18 pivot level could lead to continued selling pressure targeting the 3321.75 and 3283.70 support levels. In the event of a potential recovery, the 3402.73 level will be watched as a pivot resistance, and breaking above this level could bring 3423.16 into focus.