XAUUSD
Geopolitical risks have re-emerged with Israel's attacks on Lebanon despite the ceasefire agreement, while the US Dollar Index rising above the 108 level continues to put pressure on gold. Unemployment claims data from the US and statements by former President Trump are also being closely monitored in the markets. When these factors are considered together, it is seen that gold is navigating a path filled with uncertainties in global markets.
From a technical perspective, gold is trading just above the 2750 level. As long as it remains above the 2740-2750 zone on the daily chart, the upward movement is likely to continue. Resistance levels of 2760 and 2770 can be monitored in the upward movements. Alternatively, if the 2740-2750 zone is breached downwards, there is potential for a retreat towards the support levels of 2727 and 2720. The RSI indicator is at the 55 level and is showing a positive trend. There is a 0.13% depreciation in prices compared to the previous day.
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