XAUUSD

After the Christmas holiday, ounce gold tested above the $2625 level due to the depreciation of the dollar index. The recovery trend in Asian indices following the holiday and China's economic measures created a positive atmosphere in global markets, while the weakening dollar also contributed to the appreciation of gold. In the U.S., jobless claims along with the trajectory of European and U.S. markets could also affect gold pricing.

Technically, as long as ounce gold remains below the 2625.00 - 2633.00 resistance zone, it may display a downward trend. In possible declines, the 2612.00 and 2605.00 levels can be monitored as support. In a recovery trend, trading above the 2633.00 resistance and hourly closings may be necessary for the continuation of the rise, and in this case, the 2640.00 and 2650.00 levels could be targeted. The RSI indicator is at the 60 level and shows a positive trend, noted with a 0.42% rise compared to the previous day.