XAUUSD

Despite the rising tensions in the Middle East, the increase in the dollar index has put pressure on gold. In particular, upcoming unemployment claims and preliminary PMI data from the U.S. may be decisive for gold pricing. With the dollar maintaining its strength, spot gold pulled back to the 2725 level after hitting a new record of 2760, driven by selling waves. In this process, gold fluctuating between 2710-2730 levels indicates it is at a critical decision point in the short term.

From a technical perspective, the XAU/USD pair is observed on a 4-hour time frame on the chart. Levels 2740, 2730, and 2720 stand out as important support areas, while upward movements might target resistance levels at 2760, 2770, and 2780. The RSI indicator, showing a slightly positive outlook, is at level 55. The pair has increased by 0.33% compared to the previous day. Sustaining above the 2730 level is important for the sustainability of the positive trend. However, if it falls below the 2710 level, further declines can be expected.