XAUUSD

President Trump's customs tax policies and foreign relations continue to exert pressure on gold prices. Following the approval of tariffs on Canada and Mexico, Trump signed an executive order to review copper tariffs. These developments have limited losses in the Dollar Index while also triggering profit-taking in gold. New home sales are also being closely monitored today.

Gold is trading within a specific range based on short-term indicators. As the precious metal continues to be priced within the 2910 – 2930 region, it has reached a decision stage. For a positive outlook to strengthen, sustained pricing above the 2930 level is needed. In potential recoveries, the 2942 and 2947 levels may come into focus, while for negative scenarios, stability below 2910 will be required. At this stage, the 2890 level, supported by the rising trend line, should be watched closely.