XAUUSD

With the effect of the US 10-year Treasury bond interest approaching 4.20%, the ounce gold recorded an outlook that suppressed recoveries in the short term. US CPI data can be followed during the day due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2021 - 2030 region, which is currently supported by the 34 (2030) period exponential moving average. As the precious metal moves below the 2021 - 2030 region, the desire for a downward trend may come to the fore. If the downward trend continues, the 2012 and 2003 levels may be encountered. In the alternative case, permanent pricing above the 2021 - 2030 region may be needed for the desire for an increase to become dominant. In such a case, the 2040 and 2052 levels may come to the fore in recoveries that may occur. Support: 2012-2003 Resistance: 2030-2052