XAUUSD

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XAUUSD

While the Dollar Index tries to remain around 107, gold has shown a short-term recovery. The U.S. customs tariff plan is increasing global trade tensions, supporting the demand for safe havens. Additionally, potential ceasefire developments between Russia and Ukraine are being closely monitored. Throughout the day, the NY Fed Empire State manufacturing index can be observed.

Gold is trading within a range supported by current indicators. The precious metal's ability to stay within the 2877 – 2910 zone may influence decision-making. For a positive outlook, sustained pricing above the 2910 level is necessary. In potential recoveries, the 2920 and 2930 levels may come into play. For negative scenarios, maintaining a position below 2877 is crucial. In case of a decline, levels around 2870 and 2860 may be encountered. Key level: 2877 – 2910 zone.

Support :

2877 - 2870 - 2860

Resistance :

2910 - 2920 - 2930