XAUUSD

With the effect of the US 10-year Treasury bond yield falling below 4.10%, ounce gold has recorded some recovery in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2021 - 2030 region, which is currently supported by the 34 (2026) period exponential moving average. Permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2040 and 2052 levels may come to the agenda. In the meantime, the attitude of the 2040 level can be monitored in order for the upward expectation to continue. In order for the negative expectation to come to the fore, permanence below the 2021 level may be required. In possible declines, the 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be monitored in order for the withdrawal trend to continue. Support: 2021-2012 Resistance: 2040-2052