XAUUSD

ONS Gold In the middle of the week; with the support of the US 10-year treasury bond interest rate falling towards 4.02%, ounce gold displayed an outlook that limited the pullbacks in the short term. Technically speaking, we are following the 2021-2030 region, which is currently supported by the 34-day (2027) period exponential moving average. Permanent pricing above the 2033 level may be needed for the positive expectation to be reinforced. In possible recoveries, 2040 and 2052 levels may come to the agenda. In order for negative expectations to come to the fore, permanence below the 2012 level may be required. In possible declines, 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be followed in order for the pullback trend to continue. Support: 2021-2012 Resistance: 2040-2052