XAUUSD

On the last trading day of the week; after Israel responded to the attack carried out by Iran, the ounce of gold moved upwards and exhibited a slight pullback. The precious metal, which opened the day at 2378, is trading around the 2387 level while the analysis is being prepared. When we technically evaluate the short-term ounce gold pricing, we are following the 2365 - 2375 region, which is currently supported by the 13 (2382) and 34 (2371) period exponential moving averages. The upward trend may continue as the precious metal moves above the 2365 - 2375 region. If the upward movements continue, the 2390 and 2400 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2365 - 2375 region for the negative expectation to come to the fore. In this case, pullbacks towards the 2355 and 2340 levels may be observed. Support: 2375 - 2365 Resistance: 2390 - 2400