XAUUSD

In the US, due to trade tensions and geopolitical risks, gold is performing strongly at the level of $3,336.80. The unemployment claims in the US announced yesterday were in line with expectations, and the concerned statements from Fed members regarding inflation are supporting gold. The tendency of central banks to increase their gold reserves is another factor supporting prices. Technically, if a close occurs above the pivot level of 3,342, the resistance levels of 3,380.65 and 3,405 can be targeted. If it remains below the resistance of 3,342, selling pressure may increase, and due to positive developments in the short term, it is expected that selling pressure will be dominant.