XAUUSD

In a recent interview, President Trump expressed concerns about the country's economy being in a transitional phase, indicating that his policies could lead to stagnation. This situation has caused declines in the Dollar Index, heightening fears of a recession. Despite the drop in the Dollar, these concerns have also led to a decrease in gold prices, which will be monitored throughout the day with the JOLTS job openings data.

The precious metal, gold, is trading below the level supported by short-term indicators. While there is pressure on the desire for an increase in the 2900 – 2907 range, the prices are likely to show a downward trend. There could be a movement towards the support levels of 2890 and 2877. To achieve upward price movements, four-hour closes above 2907 are necessary.