XAUUSD

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XAUUSD

Although the US 10-year bond yield is moving around the 4.43% rate, the Fed members' relatively hawkish statements in their statements left room for the ounce of gold to be priced downward. For the precious metal, which started the day at 2380 and traded around the 2362 level while the analysis was being prepared; leading service and manufacturing PMIs and unemployment benefit applications can be followed during the day. . The upward movement observed in US bond yields is pressuring the ounce of gold downward. While the RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 55.18, its momentum is at 102.58. The 2,368 level can be followed in intraday upward movements. If this level is exceeded, the 2,372, 2,381 and 2,389 resistances may become important. In possible pullbacks, 2,358, 2,352 and 2,348 will be monitored as support levels. . Support: 2358 - 2352 Resistance: 2372 - 2381