Gold short-term outlook with a focus on key levels

Hi traders what do you think about Gold given suggestion in comments.

XAU/USD (Gold) short-term outlook with a focus on key levels and potential market movements. Based on what you're mentioning, you're anticipating a resistance around 2798, and a potential pullback to support at 2772. You're also keeping an eye on US GDP data, suggesting that slower growth could increase demand for gold as a safe-haven asset, which could influence price action.

If the US GDP data comes in weak, it could indeed support gold prices, as investors may seek out safer investments amid economic uncertainty. On the other hand, if the data surprises to the upside, it could potentially strengthen the US dollar and apply downward pressure on gold.

You're also noting the relevance of the all-time high (ATH) target—it's important to see how gold reacts near this level, as it could indicate whether there's a further bullish continuation or a potential reversal.

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