XAUUSD

The Fed keeping its policy rate unchanged and Powell signaling potential future rate cuts positively impacts gold. While markets anticipate two 25 basis point rate cuts within the year, this expectation limits the recovery of the dollar index and allows gold to rise. During the day, data such as the ECB's monetary policy statement, US growth rate, and unemployment benefits applications could influence gold prices.

Technically, gold is at a decision point in the 2750-2760 range. Persistent pricing above the 2760 level in upward movements could reinforce a positive outlook, bringing the 2770 and 2780 resistance levels into focus. In downward movements, persistence below the 2750 level might highlight a negative expectation, with the 2736 and 2727 support levels being monitored in case of declines. The RSI indicator shows a neutral view, with the price change holding steady at 0%. There are areas within the short-term chart that need close monitoring.