GOLD XAUUSD Chart Technical Outlook remains steady with $2,670 on focus, awaiting US Claims data and Fed speakers.
Gold prices (XAU/USD) remain steady, at a short distance of the $2,670 resistance arena despite the strong Dollar rebound seen on Wednesday. The negative impact of rising US yields has been offset by its safe-haven status on fears of an all-out war in Lebanon.
Downside attempts on Gold are supported above $2,650 ahead of $2,620. Above $2,670, the next target is $2,690.
The US calendar is busy today with the weekly Jobless Claims data and a slew of Fed speakers, including Fed Chair Powell, which will be observed with attention with the market split about a 25 or a 50 bps cut in October.
