Gold XAUUSD is trading higher on Wednesday after a hesitant day on Tuesday. The market reaction to the USChina trade deal has been somewhat skeptical. Investors are cautious as they speculate about the implications ahead of the release of US CPI data. Currently, gold prices struggle to break above the critical resistance level around 3345. The ongoing uncertainty regarding trade relations and inflation expectations plays a significant role in shaping market dynamics for this precious metal. Investors should keep an eye on these developments as they could provide potential trading opportunities or pitfalls.