XAUUSD

News of ceasefire talks between Israel and Hezbollah are reducing safe haven demand for gold, creating downward pressure, while the additional tariffs planned by the Trump administration on Mexico, Canada, and China are strengthening the dollar. These developments are causing gold prices to decline. Additionally, the Conference Board's consumer confidence data and the FOMC meeting minutes, set to be released during the day, could impact markets and lead to fluctuations in gold prices.

Technically, as long as spot gold remains below the 2650 – 2660 area on the 4-hour chart, the downward pressure may persist. In downward movements, the 2620 and 2610 levels are being monitored as support. In the event of an upward movement, the resistance levels of 2630, 2640, and 2650 may gain importance. The RSI indicator is at 36, hovering near the oversold zone, which could indicate a potential short-term recovery. There is a 0.24% decline compared to the previous day.