XAUUSD

The US 10-year Treasury bond yield has seen some recovery in the short term due to the decline from 4.30% to 4.27%. Durable goods orders, Conference Board consumer confidence and Richmond manufacturing index can be monitored during the day due to their possible effects. When we evaluate short-term gold ounce pricing technically, we are following the 2021-2030 region, which is currently supported by the 34 (2024) period exponential moving average. As long as the precious metal is traded above the 2021-2030 region, the upward trend may continue. If the positive pricing demand continues, the 2040 and 2052 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2021-2030 region for the negative expectation to come to the fore. In this case, the 2012 and 2003 levels may come to the fore. Support: 2021-2012 Resistance: 2040-2052