XAUUSD

On the first trading day of the week; with the support of the decline in the US 10-year Treasury bond interest from 4.19% to 4.17%, the ounce gold displayed an outlook that limited the declines in the short term. When we technically evaluate the short-term ounce gold pricing, we are following the 2030 level, which is currently supported by the 34 (2030) period exponential moving average. As long as the precious metal is traded below the 2030 level, negative expectations may come to the fore. If the desire to decline continues, there may be a movement area towards the 2018 and 2006 levels. At this stage, the reaction of the 2021 level supported by the uptrend can be monitored in terms of continuing downward pricing. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2040 and 2052 levels may be encountered in possible increases. Support: 2018-2006 Resistance: 2030-2052