XAUUSD

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XAUUSD

Following the ECB's interest rate cut, a significant increase was observed in the Dollar Index. Despite these developments, President Trump's intention to impose tariffs has heightened the search for safe havens, paving the way for gold prices to reach a new record. Throughout the day, important data such as the core PCE price index, employment cost index, and Chicago PMI will be monitored.

The precious metal, gold, is trading above the level supported by the indicators we are tracking in the short term. If gold remains above the range of 2770 – 2780, upward expectations may strengthen. Should the upward trend continue, levels of 2800 and 2810 may be tested. During this process, the behavior of the 2800 level can be considered a crucial threshold for the sustainability of positive expectations. In a negative scenario, it may be necessary to establish a sustained position below the 2770 – 2780 region.

Support :

2790 - 2780 - 2770

Resistance :

2800 - 2810 - 2820