Will Gold Continue to Fluctuate in a Narrow Range?.

Gold prices are currently trading around $2,330 USD/ounce, showing little change compared to the previous session.

Investors are waiting for the latest inflation report from the United States. If inflation data does not have a big surprise, gold prices may continue to fluctuate in a narrow range.

Geopolitical tensions are being closely monitored, but currently there are no events strong enough to create major fluctuations in the gold market.

Interest rate decisions and monetary policies from the US Federal Reserve will be important factors, but no major changes are expected in the short term.

If gold prices maintain above the $2,300 USD/ounce support level and do not break the $2,350 USD/ounce resistance level, we could see the sideways trend continue in the short term.

What do you think about this prediction? Will the gold price continue to move sideways or will there be a breakthrough? Please share your opinion and let's discuss!