XAUUSD

On the first trading day of the year, ounce gold found some recovery space in the short term due to the limited pullback in the US 10-year Treasury bond yield. The precious metal, which opened the day at 2064, is trading around the 2074 level while the analysis is being prepared. When we evaluate the short-term ounce gold pricing technically, we are following the 2061 level, which is currently supported by the 34 (2062) period exponential moving average. As long as the precious metal suppresses the pullback desire at the 2061 level, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2080 and 2090 levels. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2061 level. In this case, the 2052 and 2040 levels may be encountered in possible declines. Support: 2065-2056 Resistance: 2085-2100