XAUUSD

Following the 0.3% increase in the core PCE data in the US on a monthly basis, the ounce of gold renewed its record (2265) with the support of the 10-year Treasury bond yield falling below 4.20%. During the day, ISM manufacturing PMI and manufacturing prices can be monitored due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are monitoring the 2212 - 2223 region, which is currently supported by the 13 (2215) period exponential moving average. As long as the precious metal limits the downward demand in the 2212 - 2223 region, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 2265 and 2275 levels. In the alternative view, permanent pricing below the 2212 - 2223 region may be needed for the downward trend to become dominant. In this case, movements towards the 2200 and 2195 levels can be monitored. Support: 2223-2212 Resistance: 2265-2275