XAUUSD

On the first trading day of the week; after the announcement of higher than expected non-farm payrolls data, the ounce of gold fell to the levels seen in early May due to the effect of the 10-year bond interest rate increasing to 4.45%. Starting the day at 2293 and trading around 2296 while the analysis was being prepared. The daily gain for the ounce of gold, which closed at 2294 on the previous trading day, was 0.02%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 42.57, while its momentum is at 98.53. The 2,300 level can be followed in intraday upward movements. If this level is exceeded, the 2,306 and 2,311 resistances may become important. In possible pullbacks, the 2,289, 2,284 and 2,278 support levels will be monitored. Support: 2289 - 2384 Resistance: 2300 - 2306