XAUUSD

With the effect of the increase in the US 10-year Treasury bond yield to 4.30%; ounce gold has exhibited downward pricing in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2150 - 2160 region, which is currently supported by the 13 (2159) and 34 (2158) period exponential moving average. As long as the precious metal moves below the 2150 - 2160 region, downward expectations may remain at the forefront. If the desire to decline continues, the 2144 and 2133 levels may be encountered. In the meantime, the attitude of the 2144 level can be monitored in terms of the continuation of the pullback trend. In the alternative case, in order for the positive trend to come to the fore, permanence above the 2150 - 2160 region may be needed. In this case, a movement area towards the 2168 and 2175 levels may be formed. Support: 2150-2160 Resistance: 2144-2133