XAUUSD

On the last trading day of the week, the ounce of gold increased slightly due to the easing of the US 10-year Treasury bond yield towards 4.58%. The precious metal, which opened the day at 2303, is trading around the 2302 level while the analysis is being prepared. Average hourly earnings, unemployment rate, non-farm payrolls change and ISM services PMI can be monitored during the day due to their possible effects. As long as it remains above the 2,304 level, we can see upward accelerations. The daily gain for the ounce of gold, which closed at 2,305 on the previous trading day, was 0.10%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 51.19, while its momentum is at 97.65. The 2,304 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,301, 2,297 and 2,285 may become important. In possible increases, 2,308, 2,310 and 2,324 will be monitored as resistance levels. Support: 2297 - 2285 Resistance: 2310 - 2324