XAUUSD

With the effect of the easing of the US 10-year Treasury bond yield below 4.30%; ounce gold has shown limited recoveries in the short term. The Fed's monetary policy statement can be followed during the day due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2150 - 2168 region, which is currently supported by the 13 (2157) and 34 (2157) period exponential moving average. As the precious metal forms within the 2150 - 2168 region, the decision phase 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. Permanence below the 2150 level may be required for the negative expectation to come to the fore. In possible declines, the levels of 2144 and 2133 may be encountered. At this stage, the reaction of the level of 2144 can be monitored in order for the pullback trend to continue. Support: 2144-2133 Resistance: 2168-2175