XAUUSD
The FOMC minutes indicated that inflation might slow down this year, while highlighting that Trump's policies could pose potential inflationary risks. It was also noted that the FOMC is close to the point of slowing down the rate of interest rate cuts. This situation is creating pressure on the gold ounce price, attracting investors' attention. Throughout the day, speeches by FOMC members are among the factors that could create fluctuations in the markets. Economic developments in China and the U.S., as well as movements in the U.S. bond market, are other important factors to watch.
From a technical perspective, gold per ounce continues to trade above the 2640 – 2650 range in the short term, supporting the upward trend. In upward movements, the levels of 2660 and 2666 can be monitored as resistance. Alternatively, if prices fall below the 2640 – 2650 range, a downward movement towards the levels of 2633 and 2625 may occur. The RSI indicator is currently at the 54 level, showing a positive market trend. Prices have shown a decrease of 0.07% compared to the previous day.
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