XAUUSD

With the effect of the increase in the US 10-year Treasury bond yield to 4.20%; it exhibited an outlook that suppressed the increases in ounce gold in the short term. When we evaluate the short-term pricing of ounce gold technically, we are following the 2160 - 2168 region, which is currently supported by the 13 (2168) and 34 (2157) period exponential moving averages. As long as the precious metal limits the downward demand in the 2160 - 2168 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 2175 and 2185 levels. In the meantime, the attitude of the 2185 level can be monitored in terms of the continuation of the upward expectation. In the alternative view, permanent pricing below the 2160 - 2168 region may be needed for the downward trend to become dominant. In this case, movements towards the 2150 and 2144 levels can be monitored. At this stage, the reaction of the 2144 level can be monitored in order to continue the pullback request. Support: 2157-2150 Resistance: 2175-2185