XAUUSD

The core PCE price index in the U.S. decreased from 2.9% to 2.6% annually, aligning with market expectations. Following this development, Ukrainian President Zelensky announced that, immediately after his inconclusive meeting with U.S. President Trump, European leaders agreed to prepare a draft peace plan to be presented to the U.S. This situation has led to fluctuations in risk perception in the markets, while the limited increases in the Dollar Index have supported the recovery of gold prices. Throughout the day, ISM manufacturing PMI and manufacturing price data will be monitored.

Gold is currently priced below the levels supported by short-term indicators. As long as the precious metal remains below the 2870-2890 range, our bearish expectation continues. If the desire for a pullback persists, a movement towards the support levels of 2860 and 2850 may be observed. In alternative scenarios, sustained pricing above the 2870-2890 range is necessary for positive expectations to emerge. In potential rises above 2890, targets could be set at 2900 and 2907. The key level of the day is the 2870-2890 range.