XAUUSD

On the first trading day of the week; the US 10-year bond yield moving around the 4.45% rate allowed the ounce of gold to move limitedly. The precious metal, which started the day at 2335, is trading around the 2342 level while the analysis is being prepared. The daily gain for the ounce of gold, which closed at 2,342.68 on the previous trading day, was 0.27%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 49.74, while its momentum is at 99.85. The 2,340.91 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,334.16, 2,325.64 and 2,318.88 may become important. In possible increases, the resistance levels of 2,349.43, 2,356.19 and 2,364.71 will be monitored. Support: 2334 - 2325 Resistance: 2349 - 2356