XAUUSD

The decline in the US 10-year Treasury yield to 4.23% supported the ounce of gold to limit its declines. For the precious metal, which started the day at 2333 and was traded around 2329 while the analysis was being prepared; Conference Board consumer confidence and Richmond Fed manufacturing index can be followed during the day. As long as it remains below 2,328.00, we can see downward easing. The daily loss for the ounce of gold, which closed at 2,326.81 on the previous trading day, was 0.32%. 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 48.69, its momentum is at 101.43. The 2,333 level can be followed in intraday upward movements. If this level is exceeded, the 2,339 and 2,344 resistances may become important. In case of possible pullbacks, 2,321, 2,316 and 2,310 will be monitored as support levels. Support: 2321 - 2316 Resistance: 2333 - 2339