XAUUSD

Despite the easing of the US 10-year Treasury bond yield towards 4.61%, ounce gold exhibited pricing dominated by a desire to decline. The precious metal, which opened the day at 2328, is trading around the 2304 level while the analysis is being prepared. During the day, leading service and manufacturing PMIs, new home sales and the Richmond manufacturing index can be monitored due to their possible effects. When we evaluate short-term ounce gold pricing technically, we are monitoring the 2340 - 2355 region, which is currently supported by the 13 (2345) and 34 (2359) period exponential moving average. As long as the precious metal moves below the 2340 - 2355 region, downward expectations may remain at the forefront. If the desire to decline continues, the 2300 and 2290 levels may be encountered. In the alternative case, permanence above the 2340 - 2355 region may be needed for the positive trend to come to the fore. In this case, a movement area may occur towards the levels of 2365 and 2375. Support: 2300 - 2290 Resistance: 2340 - 2355