Product: XAU/USD Prediction: Increase Fundamental Analysis: The updated US GDP is 1.6% on Thursday, which is lower than expected. Another important thing that shows how the inflation are going to 3.7%, which is more than expected. The GDP dropped to 1.6%, which is the lowest since Q1 of 2023. The economy of the United States will be slowing down a lot more than expected, the market believes the US government won't decrease the interest rate until September. This made the US dollar weaker, which made the value of XAU/USD go up. Technical Analysis: If the price goes above $2330 resistance point, it probably keeps going up. The US GDP is lower than what people expected, and this gives a strong push to break through the Fibonacci 61.8% resistance point. If the price stays above $2350, it will move towards the nearest resistance level, which is between $2390 and $2400.