XAUUSD

On the last trading day of the week; the recovery of the US 10-year Treasury bond yield towards 4.37% allowed for relatively limited pricing of ounce gold. For the precious metal, which started the day at 2377 and traded around 2377 while preparing the analysis; FOMC member Waller's speech can be followed during the day. As long as it remains above 2,377.72, we can see upward momentum. The daily gain for ounce gold, which closed at 2,377.90 on the previous trading day, was 0.05%. The RSI indicator for ounce gold, which is above its 20-day moving average, is at 60.88, while its momentum is at 102.51. The 2,377 level can be followed for intraday downward movements. If this level is exceeded, the supports of 2,374, 2,370 and 2,367 may become important. In possible increases, 2,381, 2,384 and 2,388 will be monitored as resistance levels. Support: 2377 - 2374 Resistance: 2384 - 2388