XAUUSD

The fact that the Fed members continued to take a cautious stance in their statements and the US 10-year bond yield moved around the 4.42% rate allowed the ounce of gold to see some pressure. For the precious metal, which started the day at 2420 and traded around the 2415 level while the analysis was being prepared; current home sales and FOMC meeting minutes can be followed during the day. The daily loss for the ounce of gold, which closed at 2,416.12 on the previous trading day, was 0.2%. The upward movement observed in the US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 64.71, while its momentum is at 103.97. The 2,418.36 level can be followed in intraday upward movements. If this level is exceeded, the 2,424.33, 2,432.53 and 2,438.49 resistances may become important. In case of possible pullbacks, 2,410.16, 2,404.19 and 2,395.99 will be monitored as support levels. Support: 2410 - 2404 Resistance: 2424 - 2432