XAUUSD

The fact that US inflation data rose in line with expectations has strengthened the expectations for a rate cut by the Fed in December, contributing to the recovery of the gold ounce to around 2720 dollars. Markets are focused on the ECB's monetary policy statement, US PPI data, and unemployment benefit claims. The positive trend in Asian indexes and the slight pullback in the dollar are supportive for gold prices.

From a technical perspective, the gold ounce maintains its positive trend by staying above the 2693 – 2700 range. In upward movements, the resistance levels of 2720 and 2730 should be monitored. In potential downward movements, the levels of 2710, 2700, and 2693 can be followed as support. The RSI indicator is at the level of 55, showing a positive trend. The gold ounce, which experienced a 0.11% drop compared to the previous day, indicates that the level of 2720 is a critical resistance point.