XAUUSD

The increase observed in the Dollar Index following the ECB's interest rate cut has caused significant fluctuations in the markets. U.S. President Trump's statements regarding tariffs have heightened investors' search for safe havens, paving the way for gold to reach new record highs. Today, important data such as the core PCE price index, employment cost index, and Chicago PMI will be monitored.

The precious metal, gold, is currently trading above supportive indicators in the short term. If gold continues to remain above the 2770 – 2780 range, upward expectations may strengthen. Should the upward trend persist, levels of 2800 and 2810 may be tested. Holding above the 2800 level will be regarded as a critical threshold for the continuation of positive expectations. In an alternative scenario, sustaining below the 2770 – 2780 range could lead to a strengthening of negative trends.