XAUUSD

With JOLTS job opportunities falling short of expectations, the US 10-year bond yield falling to 4.30% rates supported the recovery of the ounce of gold. For the precious metal, which started the day at 2327 and was traded around 2338 while the analysis was being prepared; ADP non-farm employment change and ISM services PMI can be followed during the day due to possible effects. The daily gain for the ounce of gold, which closed at 2,338 on the previous trading day, was 0.47%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 49.04, while its momentum is at 96.36. The 2,333.99 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,329.97, 2,321.93 and 2,317.91 may become important. In possible increases, 2,342.03, 2,346.05 and 2,354.08 will be monitored as resistance levels. Support: 2333 - 2329 Resistance: 2342 - 2346