XAUUSD

Due to the limited movement of the US 10-year Treasury bond yield around 4.23%; ounce gold recorded relatively horizontal pricing in the short term. Durable goods orders, S&P housing price index, Conference Board consumer confidence and Richmond Fed manufacturing index can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2160 - 2175 region. 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 upward expectation to continue. Permanence below the 2160 level may be required for the negative expectation to come to the fore. In possible declines, the 2150 and 2144 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