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The price of XAUUSDT (gold against the US dollar) is moving volatile today after market participants wait for the direction of the US interest rate policy and the latest inflation data. Gold temporarily held at a strong support area due to increased demand for safe haven assets amid global economic uncertainty. If buying pressure continues to increase, XAUUSDT may test the nearest resistance again and continue the short-term bullish trend. However, the strengthening of the US dollar index remains a factor that could suppress gold price gains in the near future. Traders are now focusing on breakout areas to determine the next direction. As long as the price stays above the main support, the rebound opportunity remains quite open with trading volume starting to increase during the US and European market sessions today.
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