XAUUSD

After the Iranian attack caused little damage to Israel and the US stated that it wanted to avoid a wider war in the Middle East, the ounce of gold recorded limited movements on the first trading day of the week. During the day, retail sales and the Empire State manufacturing index can be monitored due to their possible effects. When we evaluate technically, we are monitoring the 2340 - 2365 area, which is currently supported by the 13 (2361) and 34 (2343) period exponential moving averages. As the precious metal forms within the 2340 - 2365 area, the decision phase scenario may be valid. Permanent pricing above the 2365 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2375 and 2390 levels may come to the agenda. In order for the negative expectation to come to the fore, it may be necessary to remain below the 2340 level. In possible declines, the 2330 and 2320 levels may be encountered. At this stage, the reaction of the 2320 level can be monitored in order for the pullback trend to continue. Support: 2330 - 2320 Resistance: 2375 - 2390