XAUUSD

For ounce gold, the US 10-year treasury bond yield has recovered slightly, again falling below 3.90%. When we technically evaluate short-term gold ounce pricing, we are following the 2040 - 2052 region, which is currently supported by the 34-period exponential moving average (2040). As long as the precious metal suppresses the pullback desire in the 2040 - 2052 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2070 and 2080 levels. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2040 - 2052 region. In this case, the 2030 and 2021 levels may be encountered in possible declines. Support: 2052-2040 Resistance: 2070-2080