XAUUSD

While U.S. President Trump signaled the implementation of new reciprocal tariffs, Hamas's violation of the Israeli ceasefire led to an increase in geopolitical risks. This uncertainty heightened the demand for safe havens, contributing to a record high for gold despite a rise in the Dollar Index. The speech by Fed Chairman Powell scheduled for the day will also be closely monitored.

The precious metal gold continues to trade above levels supported by short-term indicators. If it remains above the 2877 – 2890 range, a continuation of the upward trend is possible. In this case, there could be potential to reach levels of 2920 and 2930. However, for a downward trend to emerge, sustained pricing below the 2877 – 2890 range will be necessary. In this scenario, the likelihood of encountering levels of 2870 and 2860 increases. The critical level for the day is the 2877 – 2890 range.