XAUUSD

On the last trading day of the week, despite the US 10-year Treasury bond yield falling to 4.08%, ounce gold displayed relatively limited pricing in the short term. Unemployment rates, average hourly earnings and non-farm employment changes can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2144 - 2150 region, which is currently supported by the 13 (2147) period exponential moving average. As long as the precious metal suppresses the pullback desire in the 2144 - 2150 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2160 and 2175 levels. At this stage, the attitude of the 2160 level can be monitored in terms of the continuation of the upward expectation. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2144 - 2150 region. In such a case, the 2133 and 2118 levels may be encountered in possible declines. Support: 2144-2133 Resistance: 2160-2175