XAUUSD

Spot gold continues to remain under pressure due to the recovery in the Dollar Index following the market turmoil caused by the China-based DeepSeek artificial intelligence model. Data such as durable goods orders and Conference Board consumer confidence in the U.S. will be closely monitored throughout the day. The rise in the Dollar Index and cost discussions regarding U.S. AI companies could lead to short-term fluctuations in spot gold.

In technical analysis, spot gold continues to trade in the 2736 - 2750 support and resistance zone. There are signs that this region is in a decision phase. In upward movements, if holding above the 2750 level is sustained, the 2760 and 2770 levels can be monitored as significant resistances. For downward movements to become more pronounced, pricing below the 2736 level is required; in this case, the 2727 and 2720 support levels may come into focus. The RSI indicator is at the 50 level, showing a neutral outlook. On a daily basis, the price of spot gold is up by 0.06% and is trading at the 2742.4 level.