Economic Uncertainty - The end of the U.S. government shutdown has led to concerns about the potential delay or non-release of key economic data, such as the October CPI and employment report [2] Federal Reserve Policy Expectations - The probability of a rate cut in December has decreased to approximately 50%, down from over 95%, as recent statements from Federal Reserve officials lean towards a hawkish stance, putting pressure on gold prices [3] Dollar and Safe-Haven Sentiment - A weakening dollar, nearing a two-week low, combined with a soft stock market, has created a demand for safe-haven assets, providing support for gold prices [4] - The uncertainty surrounding the release of key economic data from the U.S. government, particularly the October CPI and employment report, is crucial as it will directly impact the Federal Reserve's interest rate decisions [4] Technical Levels - Resistance level is at $4245, which is the previous day's high and a key resistance point [5] - Support levels are identified between $4145 and $4160, which correspond to the previous day's low and the current Asian session low [6] - A strong support/resistance level is noted at $4100 (psychological level) and $4300 (round number) [6]