XAUUSD

Despite the US 10-year Treasury bond yield moving around 4.21%, in the short term, ounce gold has displayed pricing dominated by bullish demand. The precious metal, which opened the day at 2117, technically evaluates the short-term pricing of ounce gold, and we are following the 2080 - 2090 region, which is currently supported by the 13 (2089) period exponential moving average. As long as the precious metal suppresses the pullback demand in the 2080 - 2090 region, bullish demand may remain at the forefront. If the upward trend continues, a movement area may form towards the 2123 and 2137 levels. In the alternative case, in order for the negative expectation to come to the fore, permanence may be required below the 2080 - 2090 region. In this case, the 2070 and 2061 levels may be encountered in possible declines. In the meantime, the 2061 level, supported by the 34-period exponential moving average, may draw an appearance that limits the downward demand. Support: 2090-2080 Resistance: 2123-2137