XAUUSD

ONS Gold On the last trading day of the week; US 10-year treasury bond yields rebounded after falling towards 3.80%, When we technically evaluate short-term ounce gold pricing, we are following the 2030 - 2040 region, which is currently supported by the 34 (2037) period exponential moving average. As long as precious metal pricing is priced above the 2030 - 2040 region, the upward demand may continue. If upward movements continue, the 2061 and 2070 levels may come to the agenda. At this stage, the attitude of the 2061 level can be followed in order for the upward expectation to continue. In the alternative case, permanent pricing may be needed below the 2030 - 2040 region for the downward demand to become dominant. In such pullbacks, a movement area towards the 2021 and 2012 levels may occur. Support: 2040-2030 Resistance: 2061-2070