XAUUSD

On the last trading day of the week; The US 10-year Treasury bond yield continuing its movements above 4.16% rate provided the recovery of ounce gold in the short term. Michigan consumer sentiment and inflation expectations and current home sales can be monitored during the day due to their possible effects. When we evaluate the short-term pricing of ounce gold technically, we are following the 2030 - 2021 region, which is currently supported by the 34 (2027) period exponential moving average. As the precious metal moves below the 2030 - 2021 region, the desire to fall may continue. If the downward pricing continues, the 2012 and 2003 levels may be encountered. In the alternative case, it is necessary to see permanent pricing above the 2040 - 2052 region for the upward desire to come to the fore. In this case, the 2040 and 2052 levels may come to the agenda in possible recoveries. Support: 2012-2023 Resistance: 2040-2052