Gold Exhibits Muted Movements Around 200-Period Moving Average

In the four-hour chart, gold has been exhibiting relatively muted movements around the 200-period moving average, with hawkish comments from Fed members seemingly dampening the momentum of the rebound from the 2325 level. This week, developments in geopolitical risks, along with incoming data from the United States, will also influence the price of gold. However, for the upward momentum to continue, the initial level to surpass is highlighted at the range of 2365-2370, and if this area is breached and maintained, subsequent levels to monitor would be 2395 and 2410. On the downside, the 2351 level, corresponding to the 200-period moving average, serves as the first support, while the major support zone lies in the range of 2325-2320. Below this, the 2300 level could be observed.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2410	2395	2370	2351	2320	2300