XAUUSD

Expectations that China will announce stimulus packages to support economic activity are leading to a recovery in gold prices. Additionally, declines in the Dollar Index positively impact gold prices. The U.S. non-farm payrolls, average hourly earnings, and unemployment rate data, which the market is focused on, may create intraday volatility in gold prices.

Technically, gold is trading at the 2640 level. The 2630 level is an important support area, with four-hour closures below this level potentially indicating a negative trend. In this case, the 2620 and 2610 levels can be monitored as other support points. In upward movements, if it can maintain above the 2650 level, prices have the potential to advance towards the 2660 and 2663 resistance levels. The RSI indicator is at the 56 level, exhibiting a positive outlook. A 0.33% increase is observed compared to the previous day.