XAUUSD

On the last trading day of the week; with the US 10-year bond yield falling below 4.55%, the ounce of gold drew an outlook that limited its declines. For the precious metal, which started the day at 2343 and was traded around 2341 while the analysis was being prepared; the core PCE price index change and the Chicago PMI can be followed during the day due to the possible effects. The daily loss for the ounce of gold, which closed at 2,342.68 on the previous trading day, was 0.02%. 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 49.51, while its momentum is at 98.19. The 2,340 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,337, 2,331 and 2,326 may become important. In possible increases, 2,347, 2,353 and 2,358 will be monitored as resistance levels. Support: 2337 - 2331 Resistance: 2347 - 2353