XAUUSD

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XAUUSD

Gold, recovering completely from Friday's pullback, continues its positive trend amid expectations of possible two rate cuts in the U.S. by the end of the year. While the risk of a U.S. government shutdown continues to create uncertainty, National Economic Council Director Kevin Hassett offers hope that the situation may be resolved this week. Investors are eagerly awaiting September's inflation data. Uncertainties regarding tariffs between the U.S. and China continue to affect risk perception.

Gold reached a new peak at 4381, managing to stay above the 4275 level. Technically, a positive trend is expected to continue above this level. If the upward movement persists, the 4379-4400 range could be monitored. In an alternative scenario, pricing below 4275 may bring reactions from the 4164-4210 region. Possible pullbacks under this area are expected to deepen to the 4090 level. The critical level of the day: 4275.

Support :

4275 - 4210 - 4164

Resistance :

4381 - 4400 - 4450