XAUUSD

Despite the rise in the dollar index, ounce gold continues to find support due to geopolitical tensions. Developments such as Russia launching a drone attack on Kyiv and Israel targeting a neighborhood in Gaza are supporting precious metal prices. Additionally, the ISM manufacturing PMI and manufacturing prices data, which will be announced during the day, are closely monitored by the markets.

From a technical perspective, ounce gold is trading above the 2650 level and monitoring the 2660 level as support. In upward movements, the resistance levels of 2666 and 2675 can be followed. The RSI indicator is at the 60 level and shows a positive outlook. The price of ounce gold, which increased by 0.05% compared to the previous day, may continue its upward trend in the short term. However, in case of possible declines, the 2650 and 2640 support levels could be critically important.