XAUUSD

In the middle of the week; the limited movement of the US 10-year treasury bond yield around 4% allowed for a relatively horizontal pricing of ounce gold in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2044 level, which is currently supported by the 34 (2044) period exponential moving average. As long as precious metal prices move below the 2044 level, a downward trend may come to the fore. If the downward trend continues, there may be a movement area towards the 2024 and 2017 levels. In the alternative case, in order for the positive expectation to come to the fore, it may be necessary to remain above the 2044 level. In this case, the 2052 and 2061 levels may be encountered in the increases that may occur. At this stage, the attitude of the 2052 level, which is supported by the trend line, can be followed in terms of continuing the upward expectation. Support: 2024-2017 Resistance: 2052-2061