XAUUSD
Despite the tensions in the Middle East, the strong performance of the US Dollar Index is putting pressure on gold prices. After testing the 2760 level, gold has retreated to 2725. Today's unemployment claims and PMI data from the US could affect the pricing of precious metals. The fluctuation of gold within the 2710 - 2730 range suggests it is at a decision-making point. For an upward movement to continue, stable pricing above the 2730 level is crucial. Otherwise, if stability is maintained below the 2710 level, the downward pressure may increase.
Technically, gold can find support at 2650, 2640, and 2630 levels on the 4-hour chart. In upward movements, resistance levels are monitored at 2660, 2670, and 2680. The RSI indicator is at 47, indicating a neutral outlook. Gold prices, which have decreased by 0.03% compared to the previous day, continue to trade sideways in the short term. However, the 55-period exponential moving average's 2700 support is significant in potential pullbacks.
Support :
Resistance :