XAUUSD

With the US 10-year Treasury bond yield rising above 4.50% again, ounce gold recorded an outlook dominated by horizontal pricing. The precious metal, which opened the day at 2307, is priced around 2316 while the analysis is being prepared. Applications for unemployment benefits can be monitored during the day due to their possible effects. As long as it remains above 2,312, we can see upward momentum. The daily gain for ounce gold, which closed at 2,314 on the previous trading day, was 0.24%. The RSI indicator for ounce gold, which is above its 20-day moving average, is at 52.52, while its momentum is at 99.68. The 2,312 level can be monitored in intraday downward movements. If this level is exceeded, supports at 2,310, 2,305 and 2,303 may become important. In possible increases, 2,319, 2,323 and 2,328 will be monitored as resistance levels. Support: 2310 - 2305 Resistance: 2319 - 2323