XAUUSD

Fed Chairman Powell emphasized in his statements that they will not rush to lower interest rates. He warned that a rapid easing policy could negatively affect inflation, while moving slowly could threaten economic growth. This situation has led to the Dollar Index hovering around 108, exerting pressure on gold prices. Today, the Consumer Price Index (CPI) data and Powell's speeches should be closely monitored.

Spot gold is currently trading in the 2877 – 2890 range, and these levels provide important indicators for trading decisions. To strengthen upward movements, four-hour closes above the 2890 level will be necessary. If prices move upward, levels of 2900 and 2910 may be observed, while if they remain below 2877, the supports at 2870 and 2860 may come into play.