XAUUSD

The US 10-year Treasury bond yield suppressing its movements above the 4.10% rate supported the ounce of gold to limit its declines in the short term. Applications for unemployment benefits, construction permits and the Philadelphia Fed manufacturing index can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2030 - 2021 region, which is currently supported by the 34 (2030) period exponential moving average. As the precious metal moves below the 2030 - 2021 region, the desire for decline may continue. If the downward pricing continues, the 2003 and 1993 levels may be encountered. In the alternative case, it may be necessary to see permanent pricing above the 2030 - 2021 region for the upward desire to come to the fore. In this case, the 2040 and 2052 levels may come to the fore in possible recoveries. Support: 2003-1993 Resistance: 2021-2030