Gold Stalls as US Data is Awaited, Key Support at 2315

Gold was steady as the market awaited US economic data, and the geopolitical situation remained calm. The metal has yet to establish a foothold below the 2315 level. To signal a reversal in its short-term downtrend, it must breach and sustain above the 2330 mark. If this level holds, a potential rebound towards the 2360-2365 range is conceivable. Conversely, a drop below 2315 could target the 2291-2288 bracket, with 2257 emerging as the subsequent key support level upon its breach.