Gold prices are currently in a bullish consolidation phase, but recent movements show a slip as the dollar gains traction. The key support levels for gold are between $3,228.38 and $3,164.23, while resistance levels are identified at $3,380.20 and $3,500.20. This upcoming economic data including the U.S. GDP and inflation statistics will likely impact commodity prices significantly. Investors anticipate these figures to assess how they affect gold’s standing as a safe-haven asset. As the market braces for these events, gold traders remain vigilant, understanding that the interplay between currency strength and commodity prices could lead to heightened volatility.