XAUUSD

Following the ISM service PMI data showing a greater cooling than expected, despite the US 10-year Treasury bond yield falling below 4.15%, the short-term gold ounce displayed an outlook that suppressed the desire to rise. During the day, ADP non-farm employment change, JOLTS job opportunities and Fed Chairman Powell's speech can be monitored due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are monitoring the 2110 - 2118 region, which is currently supported by the 13 (2112) period exponential moving average. As long as the precious metal is traded above the 2110 - 2118 region, the upward trend may continue and the 2133 and 2144 levels may be encountered. In the meantime, the attitude of the 2144 level can be monitored in terms of the continuation of the upward expectation. In the alternative view, it may be necessary to see permanence below the 2110 - 2118 region in order for the negative expectation to come to the fore. In this case, the 2100 and 2090 levels may come to the fore. Support: 2118-2110 Resistance: 2133-2144