XAUUSD

Despite the rise in the Dollar Index following the ECB's interest rate cut, Trump's statements on tariffs increased demand for gold, considered a safe haven. This allowed the ounce of gold to appreciate and reach new record levels. Today, the core PCE price index, employment cost index, and Chicago PMI data from the US economic calendar will be closely monitored.

Technically, the ounce of gold is above the support area at the 2790 level. This situation could support the continuation of the upward movement. Gold may test the resistances at 2800 and 2810 levels. However, if the price stays below 2790, a pullback towards the 2780 and 2770 support levels might occur. The RSI indicator presents a neutral outlook at level 50. The price change was limited to 0.01% compared to the previous day.