XAUUSD

The Fed's preferred inflation indicator, the Core PCE data, will be announced on Friday. Powell's dovish messages and an inflation outcome in line with or lower than expectations could rapidly drive Gold towards the resistance levels of 3691.61, 3700.85, and 3709.95. In the opposite scenario, a hawkish Fed stance and high future inflation data could create selling pressure on Gold, pulling the price back to the support levels of 3657.97 and 3639.85.