XAUUSD

On the first trading day of the week, the limited movement of the 10-year Treasury bond yield around 4.06% after the US employment data indicated a cooling; allowed the ounce of gold to move relatively horizontally in the short term after declining from its all-time high (2195). When we evaluate the short-term ounce gold pricing technically, we are following the 2160 - 2168 region, which is currently supported by the 13 (2165) period exponential moving average. As long as the precious metal suppresses the desire to pull back in the 2160 - 2168 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2185 and 2190 levels. At this stage, the attitude of the 2190 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 2160 - 2168 region. In this case, the possible declines may occur at the levels of 2150 and 2144. Support: 2168-2160 Resistance: 2185-2190