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Statements by China indicating that it will implement accommodative monetary policies to support the economy have bolstered upward movements in gold prices. The People's Bank of China's gold purchases to increase its reserves and the heightened risk perception towards Syria also contribute to the recovery in gold prices. The positive reflection of economic incentives in China on the Asian indices and its impact on global markets enable the appreciation of gold.

From a technical perspective, spot gold is trading above the 2670 level on the 4-hour chart. In the continuation of the upward movement, the 2676 and 2685 resistance levels can be monitored. Surpassing these resistance levels can help maintain a positive outlook. On the other hand, if there is a downward movement, the 2660 and 2650 support levels should be followed. The RSI indicator is at the 60 level, displaying a positive outlook. Currently, there is a 0.40% decline compared to the previous day, but the overall trend still appears to be upward.