XAUUSD

The mutual implementation of customs duties by the US and China has increased risk perception in the markets. A larger-than-expected decline in JOLTS data for job openings has led to a short-term decrease in the Dollar Index. This situation has allowed gold prices to break new records. Today's ADP non-farm payroll change and ISM services PMI data will be closely monitored.

Gold is trading above the levels supported by the indicators we are following. As long as the precious metal remains above the 2820 – 2830 range, it can maintain its upward potential. If positive movements continue, momentum could build towards the 2860 and 2870 levels. However, for a downward trend to begin, it may be necessary to see sustained pricing below the 2820 – 2830 range; in this case, levels around 2813 and 2800 may come into play. The critical levels for the day are forming in the 2820 – 2830 range.