XAUUSD

Economic expectations that emerged following Trump's election victory continue to exert pressure on gold. Concerns that Trump's possible import tariffs and expansionary fiscal policies could increase inflation are strengthening expectations that the Fed's easing steps might be delayed. This situation leads to an appreciation of the dollar, causing gold to remain in a downtrend. During the day, speeches by FOMC members might cause new volatility in the markets.

From a technical perspective, while the levels of 2610 and 2600 are observed as support on the ounce gold chart, resistance levels at 2620, 2630, and 2640 draw attention in upward movements. According to the current price movement, gold tends to retreat towards the identified support levels. The RSI indicator is at the level of 37 and presents a negative outlook. This situation indicates that the precious metal might remain under selling pressure in the short term. On the other hand, unless there are sustained pricings above the 2640 resistance, the likelihood of a positive movement starting seems limited.