XAUUSD

In the middle of the week; the US 10-year bond yield approaching 4.57% allowed the ounce of gold to suppress its increases. For the precious metal, which started the day at 2362 and was traded around 2357 during the analysis preparation; the Richmond manufacturing index can be followed during the day due to its possible effects. It is observed that the commodity is declining due to the appreciation of the dollar. We can see upward accelerations as long as it remains above 2,358. The ounce of gold closed at 2,358 on the previous trading day. The upward movement observed in 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 52.35, while its momentum is at 100.94. The 2,354 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,350, 2,346 and 2,342 may become important. In possible increases, 2,362, 2,365 and 2,369 will be monitored as resistance levels. Support: 2350 - 2346 Resistance: 2362 - 2365