XAUUSD

In the analysis of XAUUSD, the recent sharp rise in the Dollar Index has exerted selling pressure on Gold Spot pricing. However, the pricing continues to follow an upward trend. The pullbacks have been limited and supported by purchases, with fundamental factors such as the Fed’s interest rate policy backing the upward movements in gold. In this context, retracements seen as opportunities are suitable for incremental buying at the support levels of 2689, 2702, and 2714. Continued upward pricing is expected based on fundamental data, with resistance levels at 2754, 2764, and 2777 offering potential opportunities for profit-taking. For long-term investments, the maximum retracement level is set at 2582 within the primary upward trend band. It should be noted that volatility may increase at the start of the Christmas rally.