XAUUSD

In the middle of the week; the ounce of gold faced some pressure in the short term due to the recovery of the US 10-year Treasury bond yield towards 4.30%. The growth rate and deflator can be monitored during the day due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are following the 2030 level, which is currently supported by the 34 (2027) period exponential moving average. As long as the precious metal is traded above the 2030 level, 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 2030 level for the negative expectation to come to the fore. In this case, the 2021 and 2012 levels may come to the agenda. Support: 2021-2012 Resistance: 2040-2052