XAUUSD

Despite the ongoing tensions in the Middle East, the strengthening of the Dollar index continues to impact the ounce gold. After renewing its record at the 2760 level, gold retreated to the 2725 level due to selling pressure and may find direction with upcoming unemployment claims and preliminary service and manufacturing PMI data from the US. Gold remains in a decision phase between the 2710 - 2730 levels in its pricing. If it sustains above the 2730 level, positive expectations may strengthen, whereas persistence below 2710 could highlight negative expectations.

Technically, the XAUUSD pair is trading at the 2725 level on 4-hour charts. In the upward movements of the pair, the resistance levels of 2740 and 2750 should be closely monitored. In downward movements, the support levels of 2710, 2700, and 2690 are important. The RSI indicator is at the 46 level and displays a neutral trend. Compared to the previous day, a 0.32% decrease is observed, indicating that the market is under pressure. The 2700 level, supported by the 55-period exponential moving average, could be critical for the continuation of declines.