XAUUSD

On the first trading day of the week; the effect of the US 10-year treasury bond interest rising above 4% again left room for the ounce of gold to retreat in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2030 - 2040 region, which is currently supported by the 34 (2037) period exponential moving average. Permanent pricing above the 2040 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2052 and 2061 levels may come to the agenda. In possible declines, the 2021 and 2012 levels may be encountered. At this stage, the reaction of the trend line (2016) can be followed in order for the withdrawal trend to continue. Support: 2021-2012 Resistance: 2040-2052