XAUUSD

The relatively horizontal movement of the US 10-year Treasury bond yield around 4.48% allowed the ounce of gold to recover somewhat. For the precious metal, which started the day at 2336 and traded around 2343 while the analysis was being prepared; PPI data and Fed Chair Powell's speech can be followed during the day. As long as it remains above 2,341.24, we can see upward momentum. For the ounce of gold, which closed at 2,344.00 on the previous trading day, the daily gain was 0.33%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 56.38, while its momentum is at 100.26. The 2,341.24 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,337.69, 2,331.38 and 2,327.84 may become important. In possible increases, 2,347.55, 2,351.09 and 2,357.40 will be monitored as resistance levels. Support: 2337 - 2331 Resistance: 2347 - 2351