XAUUSD

On the first trading day of the week; the continuation of the recovery of the US 10-year treasury bond yield above 4% left room for a slight pullback in the short term for the ounce of gold. When we technically evaluate the short-term pricing of the ounce of gold, we are following the 2044 - 2052 region, which is currently supported by the 34 (2050) period exponential moving average. As long as the precious metal moves below the 2044 - 2052 region, a desire for decline may come to the fore. If the downward trend continues, a movement area may form towards the 2025 and 2017 levels. In the meantime, the 61.8% correction level can be monitored for the attitude of 2017 and the continuation of the pullback expectation. In order for the positive expectation to come to the fore, it may be necessary to remain above the 2044 - 2052 region. In this case, the 2061 and 2070 levels may be encountered in possible increases. Support: 2025-2017 Resistance: 2044-2052