XAUUSD

The US 10-year bond yield has risen above 4.60% since the beginning of May, leaving room for downward pricing in gold. For the precious metal, which started the day at 2337 and was traded around 2324 while the analysis was being prepared; the growth rate and deflator, unemployment benefit applications and pending housing sales can be monitored during the day due to their possible effects. The daily loss for the ounce of gold, which closed at 2,335.79 on the previous trading day, was 0.1%. The upward movement observed in US bond yields is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 48.22, while its momentum is at 99.06. The 2,321 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,319, 2,312 and 2,307 may become important. In possible increases, 2,331, 2,336 and 2,342 will be monitored as resistance levels. Support: 2319 - 2312 Resistance: 2331 - 2336