XAUUSD

Gold prices per ounce are showing limited increases, influenced by the positive trend in Asian indices. Led by the Japanese Nikkei index, Asian markets are generally optimistic. The weakening of the yen positively impacts the export-focused Japanese economy, having a positive effect on the index. While U.S. indices closed flat yesterday, the decline in the U.S. 10-year bond yields is noteworthy. The course of European and U.S. markets might influence gold prices throughout the day.

Technically, as long as gold per ounce remains above the 2620.00 – 2625.00 support levels, it exhibits an upward trend. Resistance levels of 2640 and 2650 can be targeted in upward movements. Currently, the RSI indicator is at 58, displaying a positive outlook. A daily decrease of 0.03% is observed. In case of potential declines, movements below 2620.00 may bring support levels of 2612.00 and 2605.00 into focus. The 2620.00 – 2625.00 range should be monitored as an important level for the day.