The price of gold ends the week with a loss of almost 1%. , US existing home sales fell sharply as the Federal Reserve continued to tighten monetary policy. XAUUSD is focused on $1750 and waiting for a new catalyst. Gold fell on general risk-off momentum as European stocks turned negative, while Wall Street is mixed. Other Federal Reserve (Fed) officials disagree with management, stressing the need to raise interest rates after two mild October inflation reports. At the time of writing, XAUUSD is trading at $1,755, down 0.2 % from its opening price. US EXISTING HOME SALES RISES ON FEDERAL MONETARY POLICY The US National Association of Realtors reported that sales of existing homes fell a whopping 5.9% in October, below the .17% increase expected by analysts. Home sales have declined since February 2022 as the US Federal Reserve tightens monetary conditions to curb persistently high inflation, which has peaked around 9%. However, market sentiment remains positive during the session thanks to soft CPI and PPI reports in October. At the same time, Federal Reserve policymakers reiterated their commitment to containing inflation. St. Louis Fed President James Bullard said interest rates are not „restrictive enough,” adding that if the federal funds rate (FFR) reaches a range of 5 percent to 5.25 percent. President of the Federal Reserve of Minnesota Neil Kashkari commented on Thursday that the one-month data cannot be too calm for the central bank, because the bank has to hold it until they are sure that inflation has stopped. In terms of price action, the US dollar index, which measures the dollar’s value against a basket of six currencies, turned red, rising 0.07% to 106,621, limiting losses in XAUUSD, which threatened to fall below $1,750. The yield on US Treasuries, the benchmark for the 10-year interest rate, is up two basis points at 3.795%, covering the price of gold. Gold (XAUUSD) Price Analysis: Technical Outlook XAUUSD extends its losing streak to three consecutive days and turned 0.85% negative for the week. After hitting a fresh three-month high of $1,786.53, the unproductive metal rallied to end the week in the $1,750 region. While XAUUSD is an important milestone, it has failed to capitalize on the weakness of the US dollar (USD). However, the slope of the Relative Strength Index (RSI) is turning south, suggesting that a consolidation between $1,700 and $1,800 is likely to challenge the $1,800 psychological level as buyers gather momentum. The key resistance levels of XAUUSD are $1,786 followed by $1,800 and the 200-day exponential moving average (EMA) at $1,802. On the other hand, XAUUSD will see support at the August 22 low of $1,727.90 followed by the $1,700 indicator.