Gold exhibited a bullish move on Friday following remarks by Fed Chair Jerome Powell. The dovish tone in his speech appears to have softened market expectations around future rate hikes, supporting the price of gold.
Looking ahead, this positive sentiment is expected to continue into the coming week. Our primary resistance level is now situated around the 3400 range (assuming "3400" was a typo, as XAU/USD does not reach 3400 — please confirm the intended level).
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