XAUUSD

With the ISM manufacturing PMI data showing that it is moving in the contraction zone, after the US 10-year bond yield decreased to 4.41%, the ounce of gold exhibited limited pricing. For the precious metal, which started the day at 2351 and was traded around 2347 while the analysis was being prepared; core JOLTS job opportunities can be monitored during the day due to possible effects. The daily loss for the ounce of gold, which closed at 2,348.80 on the previous trading day, was 0.08%. The upward movement observed in the 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 50.87, while its momentum is at 97.27. The 2,343 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,338 and 2,334 may become important. In possible increases, 2,353 and 2,362 will be monitored as resistance levels. Support: 2343 - 2338 Resistance: 2353 - 2362