XAUUSD

On the first trading day of the week, the ounce of gold increased slightly due to the easing of the US 10-year Treasury bond interest rate towards 4.5%. The precious metal, which opened the day at 2302, is trading around 2309 while the analysis is being prepared. When we examine the XAUUSD Pair Technically, we can see upward momentum as long as it remains above 2,305.69. The daily gain for the ounce of gold, which closed at 2,309.75 on the previous trading day, was 0.30%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 51.98, while its momentum is at 97.11. The 2,305.69 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,295.97, 2,282.20 and 2,272.48 may become important. In possible increases, 2,319.47, 2,329.19 and 2,342.96 will be monitored as resistance levels. Support: 2295 - 2282 Resistance: 2319 - 2329