XAUUSD

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XAUUSD

US President Trump's decisions to increase import tariffs and the weakening seen in the Dollar Index are creating an upward trend in the price of gold per ounce. These developments help maintain gold's appeal by especially increasing safe haven demand. Trump's emphasis on customs duties against China keeps attracting investors' attention. Fluctuations in the US and Asian markets can also have indirect effects on gold's price movements.

From a technical perspective, gold per ounce is trading above the 2750 support level. In the short term, as long as it maintains above the 2720 – 2727 region, upward movements seem likely to continue. In this case, the 2760 and 2770 resistance levels may be tested. In an alternative scenario, if it remains below the 2720 – 2727 support region, pullbacks toward the 2713 and 2703 levels could be observed. The RSI indicator is at level 55 and shows a positive trend, suggesting that the upward potential is maintained. Compared to the previous day, gold per ounce increased by 0.38%.

Support :

2750 - 2740 - 2727

Resistance :

2760 - 2770 - 2780