XAUUSD

The ongoing conflicts in Gaza and Lebanon in the Middle East are increasing geopolitical risks in the region, bolstering the safe-haven demand for gold. At the same time, the upcoming US presidential elections are also supporting this demand. China's interest rate cut has also supported gold prices, helping to refresh the record at the 2750 level. During the day, the existing home sales data could influence gold pricing.

From a technical perspective, the gold ounce chart is being examined in the daily time frame. As long as it stays above the 2730 - 2740 support zone, the positive trend may be maintained. In upward movements, there is a field of movement towards the 2750 and 2760 resistance levels. The RSI indicator is in the positive zone, indicating that the rise could continue. A 0.05% increase is observed compared to the previous day. If the price falls below the 2730 - 2740 zone, a pullback towards the 2720 and 2710 levels may occur.