XAUUSD

Following the cooling signs of the US CPI data, the 10-year Treasury bond yield fell below 4.32%, and the ounce of gold recorded an upward trend. For the precious metal, which started the day at 2384 and was traded around 2388 while the analysis was being prepared; unemployment benefit applications, construction permits, Philadelphia Fed manufacturing index and industrial production data can be followed during the day. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 63.70, while its momentum is at 104.61. The 2,391 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 2,397.18, 2,402.61 and 2,407.89 may become important. In possible pullbacks, 2,386.48, 2,381.20 and 2,375.77 will be monitored as support levels. Support: 2386 - 2381 Resistance: 2397 - 2402