XAUUSD

With the increase in geopolitical risks, gold prices continue their upward trend. Ukraine's attacks on Russia and the U.S. vetoing the ceasefire in Gaza are increasing tensions in the region, supporting the safe-haven demand for gold. Additionally, U.S. unemployment claims are being monitored by the market. Such developments cause investors to turn to safe assets like gold.

From a technical perspective, gold is trading at the 2657 level on the 4-hour chart. As long as it remains above the 2630-2640 support zone, the positive trend continues. In upward movements, resistance levels of 2660 and 2670 can be monitored. On the downside, closures below the 2630 level may bring the 2620 and 2610 support levels into focus. The RSI indicator shows a positive trend, indicating that the rise may continue from the current levels. An increase of 0.27% is observed compared to the previous day.