XAUUSD

With the effect of limiting the declines of 4.2% in the US 10-year Treasury bond yield; ounce gold recorded an outlook that suppressed the increases in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2160 - 2175 region, which is currently supported by the 13 (2172) and 34 (2169) period exponential moving averages. As the precious metal forms within the 2160 - 2175 region, the decision stage scenario may be valid. Permanent pricing above the 2175 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2185 level and the 2195 - 2200 range may come to the agenda. In the meantime, the attitude of the 2195 - 2200 range can be monitored in order for the increase expectation to continue. Permanence below the 2160 level may be required for the negative expectation to come to the fore. In possible declines, the levels of 2150 and 2144 may be encountered. At this stage, the reaction that the 2144 - 2150 range will show can be monitored in order for the withdrawal trend to continue. Support: 2160-2150 Resistance: 2195-2200