XAUUSD

Following the publication of the FOMC meeting minutes, the US 10-year Treasury bond yield has shown some recovery in the short term, due to the movement around the 4.30% rate. During the day, leading service and manufacturing PMIs, unemployment benefits applications and existing home sales can be monitored due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are following the 2021 level, which is currently supported by the 34 (2019) period exponential moving average. As long as the precious metal is traded above the 2021 level, the upward trend may continue. If the positive pricing demand continues, the 2030 and 2040 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2021 level for the negative expectation to come to the fore. In this case, the 2012 and 2003 levels may come to the agenda. Support: 2021-2012 Resistance: 2040-2052