XAUUSD

On the last trading day of April; Although the US 10-year Treasury bond interest rate did not fall to 4.61%, the ounce of gold recorded a slight pullback. The precious metal, which opened the day at 2333, is trading around 2327 while the analysis is being prepared. Employment cost index, Chicago PMI and Conference Board consumer confidence data can be monitored during the day due to their possible effects. As long as it remains below 2,329, we may see downward relaxations. The daily loss for the ounce of gold, which closed at 2,326 on the previous trading day, was 0.37%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 56.10, while its momentum is at 99.26. The 2,329 level can be monitored in intraday upward movements. If this level is exceeded, the 2,333, 2,339 and 2,343 resistances may become important. In case of possible pullbacks, 2,323, 2,320 and 2,313 will be monitored as support levels. Support: 2320 - 2313 Resistance: 2333 - 2339