XAUUSD

In an environment where the Dollar Index limits its losses despite retail sales data in the US falling short of expectations, geopolitical risks are contributing to the appreciation of spot gold. The tension between Israel and Hamas increases the perception of geopolitical risk, while the Dollar Index's performance limiting its decline suppresses the rises in spot gold. The upward movements following the recent CPI data have become more pronounced due to the impact of geopolitical risks. However, limited pullbacks on the dollar on the last trading day of the week are weakening gold's potential for value gain.

Technically, it is observed that spot gold maintains its position above the 2710 level on the 4-hour chart. As long as it stays above this region, the upward momentum is expected to continue, and resistance levels at 2720 and 2730 can be targeted. The RSI indicator is at 55, exhibiting a positive trend. However, in the event of a possible pullback, the 2710 and 2700 support levels will be important. It is observed that spot gold experienced a 0.08% value loss compared to the previous day's closing.