XAUUSD

Following the decrease in the risk perception towards the Middle East, the US 10-year Treasury bond yield increased to 4.70%, and the ounce of gold has retreated somewhat. The precious metal, which started the week at 2385, is trading around 2346 while the analysis is being prepared. In the coming week, the employment cost index, Conference Board consumer confidence, ISM manufacturing and services PMI data, Fed monetary policy statement and employment data can be monitored due to their possible effects. As long as it remains above 2,329, we can see upward momentum. The daily loss for the ounce of gold, which closed at 2,330 on the previous trading day, was 0.32%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 57.10, while its momentum is at 98.24. The 2,329 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,321, 2,312 and 2,304.54 may become important. In possible increases, 2,338, 2,346 and 2,355 will be monitored as resistance levels. Support: 2321 - 2312 Resistance: 2338 - 2346