XAUUSD

While the rise in the Dollar Index remains limited, spot gold finds support from safe-haven demand. The tension between Israel and Gaza increases geopolitical risks, limiting gold's depreciation. Preliminary manufacturing and service PMI data to be released during the day will provide hints about economic activity and might also impact the markets. In such an environment, it is observed that investors are carefully monitoring global developments and particularly expectations regarding the USA's interest rate policies.

From a technical perspective, spot gold is trading below the short-term resistance zone of 2660 - 2673, and as long as an upward breakout is not achieved in this zone, downward pressures may persist. In the event of a decline in gold prices, the support levels of 2650 and 2640 should be monitored. For the upward trend to gain strength, it may be important to maintain stability above the 2660 - 2673 range with four-hour closures. In this case, the 2685 resistance might come into focus. The RSI indicator is currently just below the 50 level and displays a neutral outlook. Prices have increased by 0.13% compared to the previous day.