Gold prices remained stable at the end of the second quarter and the beginning of the third, trading within a narrow range between the $2,320 support and a key trend line. However, the strong U.S. dollar is exerting downward pressure.

A fundamental review of gold by MOFT technical analyst Sholanke Dele.

Gold's potential growth faces challenges due to the strengthening U.S. dollar, despite disappointing data from the manufacturing sector's business activity index. The strengthening dollar often puts downward pressure on gold prices, potentially limiting bullish momentum.

Today's session in New York will be pivotal, with speeches from ECB President Christine Lagarde and Federal Reserve Chairman Jerome Powell.

A hawkish stance could increase demand for government bonds, pushing gold below $2,320.

A dovish stance could attract investors to gold, potentially driving prices towards $2,360 and $2,390 per ounce.