XAUUSD

The Dollar Index rose following President Trump's threat of a 100% tariff on BRICS countries, putting pressure on gold prices. In light of these developments, the markets are closely monitoring the US ISM manufacturing PMI and speeches by FOMC member Waller. The strengthening dollar could create pressure on gold prices, potentially leading to short-term losses.

From a technical standpoint, gold may find support at the 2620 and 2610 levels, while resistance levels are tracked at 2630, 2640, and 2650 during upward movements. When examining the 4-hour chart, the RSI indicator is at the 40 level, displaying a negative outlook. This situation increases the likelihood of gold moving downward. Furthermore, the fact that prices have decreased by 1.05% compared to the previous day indicates that the downward trend may continue.