Gold showed a minor pullback after the SNB
monetary policy
rhe Swiss National Bank (SNB) cuts the deposit
rates by 25 bpbs points for a second
consecutive time from 1.50% to 1.25%. Market
eyes Bank Of England monetary policy
Major central banks like the ECB and BOE cut
rates by 25 bpbs the previous month with a
dovish tone supporting the precious metal at
lower levels.
us economic data for the day
Philly Fed manufacturing Index and Building
permits (12:30 pm GMT)
According to the CME Fed watch tool, the
probability of a 25 bpbs rate cut in Sep
decreased to 57.90% from 59.6% a week ago
Technical:--
The near-term support is around $2320, The
yellow metal faces minor resistance around
$2360 and a breach above will take it to the
next level of $2370 
Signal
Buy $2340 with an SL of around $2230 for a TP
of $2370