XAUUSD

On the last trading day of the week, the first trading day of March; with the support of the decline in the US 10-year Treasury bond yield towards 4.24%, the ounce of gold showed pricing dominated by the desire to increase in the short term. During the day, ISM manufacturing PMI and manufacturing prices, Michigan consumer sentiment and FOMC member Waller's speech can be followed due to their possible effects. When we evaluate the short-term ounce of gold pricing technically, we are following the 2030 - 2040 region, which is currently supported by the 34 (2033) period exponential moving average. As long as the precious metal is traded above the 2030 - 2040 region, the upward trend may continue. If the positive pricing desire continues, the 2052 and 2061 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2030 - 2040 region for the negative expectation to come to the fore. In this case, the 2021 and 2012 levels may come to the agenda. Support: 2040-2030 Resistance: 2052-2061