XAUUSD

Although the US 10-year Treasury bond yield has fallen to 4.24%, gold recorded pricing dominated by the desire for a short-term ounce decline. Fed Chairman Powell's speech during the day can be followed due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2168 - 2185 region, which is currently supported by the 13 (2178) and 34 (2170) period exponential moving average. Permanent pricing above the 2185 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2195 - 2200 range and 2212 levels may come to the agenda. In the meantime, the attitude of the 2195 - 2200 range 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 2168 level may be required. In possible declines, the 2160 and 2150 levels may be encountered. At this stage, the reaction that the 2144-2150 range will show can be monitored in order for the pullback trend to continue. Support: 2160-2150 Resistance: 2195-2200