next buy zone in XAUUSD

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Gold prices were unable to maintain their bullish momentum yesterday, failing to surpass the resistance level of $2,432 per ounce. This comes as investors closely monitor U.S. economic data this week for clarity on the timing of the Federal Reserve's anticipated interest rate cuts.

As a result, gold futures have since pulled back and are currently trading at a two-week low of $2,366 per ounce.