XAUUSD

Although the US 10-year Treasury yield rose above 4.35%, the escalation of geopolitical risks in the Middle East contributed to the safe-haven demand for gold per ounce, thus breaking a record (2287). During the day, ADP non-farm employment change, ISM service PMI and Fed Chairman Powell's speech can be monitored due to their possible effects. When we evaluate short-term gold per ounce pricing technically, we are monitoring the 2260 - 2265 region, which is currently supported by the 13 (2259) period exponential moving average. The upward trend may continue as the precious metal moves above the 2260 - 2265 region. If upward movements continue, the 2290 and 2300 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2260 - 2265 region for the negative expectation to stand out. In this case, pullbacks towards the 2245 and 2235 levels may be observed. Support: 2265-2260 Resistance: 2290-2300