XAUUSD

In the middle of the week, despite the US 10-year bond yield falling towards 4.40%, ounce gold showed limited pricing. For the precious metal, which started the day at 2315 and was traded around 2313 while the analysis was being prepared; CPI data and Fed monetary policy statement can be followed during the day. For the ounce of gold, which closed at 2,313.63 on the previous trading day, the daily loss was 0.14%. The upward movement observed in US bond interest rates is pressuring ounce gold downward. While the RSI indicator for ounce gold, which is below its 20-day moving average, is at 45.85, its momentum is at 98.41. In intraday upward movements, the 2,317 level can be followed. If this level is exceeded, the 2,320 and 2,324 resistances may become important. In possible pullbacks, 2,310, 2,307 and 2,303 will be monitored as support levels. Support: 2310 - 2307 Resistance: 2317 - 2320