XAUUSD

U.S. President Trump's discussions with Russian President Putin aimed at ending the Ukraine-Russia war have led to a decrease in geopolitical risk perception. Despite consumer inflation coming in higher than expected, the Dollar Index has seen a decline. This situation has allowed gold to appreciate, even with the reduced risk perception. Key data such as the Producer Price Index (PPI) and unemployment claims can be monitored throughout the day.

Gold is trading above levels supported by the indicators we are tracking. As long as it remains within the range of 2877-2890, its upward potential can continue. If positive movements persist, we may see movement toward the 2920 and 2930 levels. However, for bearish expectations, sustained pricing below the 2877-2890 range is required; in this case, levels of 2870 and 2860 could come into focus.