XAUUSD

Following the US CPI's cooling than expected and the Fed's monetary policy statement; the recovery of the 10-year Treasury bond yield to 4.32% allowed the ounce of gold to be suppressed. For the precious metal, which started the day at 2324 and was traded around 2310 while the analysis was being prepared; PPI and unemployment benefit applications can be followed during the day. The daily loss for the ounce of gold, which closed at 2,311.18 on the previous trading day, was 0.59%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. While the RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 45.56, its momentum is at 97.86. The 2,318 level can be followed in intraday upward movements. If this level is exceeded, the 2,331 and 2,337 resistances may become important. In case of possible pullbacks, 2,304, 2,298 and 2,288 will be monitored as support levels. Support: 2304 - 2298 Resistance: 2318 - 2331