XAUUSD

In the middle of the week; the US 10-year Treasury bond yield, after moving towards 4.08%, suppressed its increases and supported the ounce of gold to limit its decreases in the short term. When we evaluate the short-term gold ounce pricing technically, as long as it is traded below the 2030 level, which is currently supported by the 34-day period exponential moving average, negative expectations may come to the fore. If the desire to decrease continues, there may be a movement area towards the 2016 and 2008 levels. At this stage, the reaction of the 2021 level supported by the uptrend can be monitored in terms of continuing downward pricing. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2042 and 2051 levels may be encountered in possible increases. Support: 2016-2008 Resistance: 2030-2042