XAUUSD

With the effect of the easing of the US 10-year Treasury bond yield towards 4.31%; ounce gold has exhibited limited pricing in the short term. When we technically evaluate the short-term ounce gold pricing, we are following the 2150 - 2168 region, which is currently supported by the 13 (2159) and 34 (2159) period exponential moving average. As the precious metal forms within the 2150 - 2168 region, the decision stage scenario may be valid. Permanent pricing above the 2168 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2175 and 2185 levels may come to the agenda. In the meantime, the attitude of the 2185 level can be monitored in order for the upward expectation to continue. In order for the negative expectation to come to the fore, permanence below the 2150 level may be required. In possible declines, the 2144 and 2133 levels may be encountered. At this stage, the reaction of the 2144 level can be monitored in order for the pullback trend to continue. Support: 2144-2133 Resistance: 2168-2175