XAUUSD

Despite the increasing geopolitical risks in the Middle East, a decline in gold prices per ounce is being observed. The continued rise of the Dollar Index, following the Federal Reserve's statements and the absence of new risk factors, is putting pressure on gold prices. The statements made by FOMC member Williams during the day may be closely monitored.

The precious metal is trading in a region supported by indicators we are tracking in the short term. The maintenance of gold prices between 3025 and 3035 keeps the decision-making scenario valid. For a positive outlook, sustained pricing above the 3035 level is necessary. In potential recoveries, the 3045 and 3055 levels may come into play, while for negative expectations to take effect, it may be essential to maintain levels below 3025.