XAUUSD

Putin's harsh statements regarding Ukraine have increased geopolitical risk perception, causing the value of gold to rise. Additionally, the decline in the Dollar Index is also supporting the rise of gold. Geopolitical tensions increase investors' search for safe havens, laying the groundwork for the rise of gold.

From a technical analysis perspective, in the 4-hour chart, gold is trading above the 2640 – 2650 support zone. As long as it stays above these levels, the positive trend is expected to continue. In upward movements, the 2663 and 2670 resistance levels may play a significant role. The RSI indicator is at level 65, exhibiting a positive trend. A decrease of 0.94% is observed compared to the previous day's close, but the overall positive outlook is maintained.