XAUUSD

On the last trading day of the week; with the support of the US 10-year Treasury bond yield falling below 4%, ounce gold showed some recovery in the short term. Producer inflation data can be followed during the day due to its possible effects. When we evaluate short-term ounce gold pricing technically, we are following the 2024 - 2044 region, which is currently supported by the 34 (2034) period exponential moving average. As precious metal pricing occurs within the 2024 - 2044 region, the decision phase scenario may be valid. In possible recoveries, 2052 and 2061 levels may come to the agenda. In order for negative expectations to come to the fore, permanence below the 2024 level may be required. In possible declines, 2017 and 2012 levels may be encountered. Support: 2024-2017 Resistance: 2052-2061