XAUUSD

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XAUUSD

For ounce gold, all the scenarios we have mentioned since the beginning of the week have come true. With the support of the 10-year treasury yield falling below 4%, ounce gold recorded pricing dominated by the desire to rise. We are following the 2003-2013 region, which is currently supported by the 34-period exponential moving average (2004). If upward pricing continues, prices towards the 2038 and 2050 levels can be observed. If the 2003-2013 region is tested, prices towards the 1993 and 1985 levels can be observed. Support: 2013-2003 Resistance: 2038-2050