XAUUSD

We are following the 34-period exponential moving average of ounce gold (2021 - 2041 region. Permanent prices above the 2041 level may be needed for the positive expectation to be strengthened. In possible recoveries, 2052 and 2061 levels may come to the agenda. At this stage, the reaction of the 38.2% correction level 2061 can be monitored in order for the upward demand to continue. In order for the negative expectation to come to the fore, permanence below the 2021 level may be required. In possible declines, 2009 and 2003 levels may be encountered.  Support: 2021-2009 Resistance: 2052-2061