XAUUSD

Despite the tension in the Middle East, the rise in the dollar index continues to pressure gold. Sales from the record level of 2760 have caused gold to retreat to the 2725 level. Unemployment claims and preliminary service and manufacturing PMI data to be announced in the US could affect gold pricing. During this process, the 2710-2730 range is being monitored as a critical threshold. Holding above the 2730 level could provide a positive outlook in the short term, while staying below this level could lead to a negative trend.

From a technical analysis standpoint, gold is testing the 2730 resistance on the 4-hour chart. If a sustained move above this level is achieved, the 2750 and 2760 resistance levels could be targeted. In downward movements, the 2720 and 2710 support levels become significant. The RSI indicator is at 52, exhibiting a neutral outlook. Compared to the previous day, the price has increased by 0.04%, but this increase is limited and should be monitored carefully. If the level drops below 2700, the potential for a deeper pullback should be considered.