Gold (XAU/USD) is currently trading at $2,328.07, down 0.07%. The pivot point at $2,331.68 is critical for determining the next price movement. Immediate resistance is noted at $2,339.70, followed by $2,347.51 and $2,355.48.
On the downside, immediate support is found at $2,322.23, with further support at $2,313.14 and $2,301.92.
The 50-day Exponential Moving Average (EMA) stands at $2,322.11, while the 200-day EMA is at $2,331.15. The overall outlook remains bearish below $2,331.68. A break above this level could enhance bullish momentum, while a break below may trigger further selling