XAUUSD

On the first trading day of the week; despite the US 10-year bond yield falling to 4.49%, ounce gold displayed downward pricing. For the precious metal, which started the day at 2328 and was traded around 2317 while the analysis was being prepared; core ISM manufacturing PMI and manufacturing PMI prices can be monitored during the day due to their possible effects. The daily loss for ounce gold, which closed at 2,321 on the previous trading day, was 0.27%. The RSI indicator for ounce gold, which is below its 20-day moving average, is at 45.52, while its momentum is at 97.66. The 2,324 level can be monitored in intraday upward movements. If this level is exceeded, the 2,335 and 2,339 resistances may become important. In possible pullbacks, 2,313 and 2,306 will be monitored as support levels. Support: 2313 - 2306 Resistance: 2324 - 2335