XAUUSD

The decline in the Dollar Index and the risk perception created by events in the US contributed to the upward pricing of spot gold. On the first trading day of 2025, the precious metal started at the 2624 level and is currently trading at the 2633 level. Investors may follow the unemployment benefit claims data to be announced during the day. Developments in foreign markets can also impact the trajectory of gold prices.

Technically, spot gold continues to be priced above the 2620 – 2625 support level in the short term. As long as it remains above this level, the upward potential is considered to persist. If upward movements continue, the resistance levels at 2640 and 2650 can be targeted. Particularly, the 2644 level, which is the upper region of the trend channel, may emerge as an important threshold for the continuation of the upward movement. The RSI indicator is at the 61 level, presenting a positive outlook. There has been a 0.43% increase compared to the previous day. However, if the 2620 – 2625 support zone is breached, the 2610 and 2605 support levels may come to the forefront.