XAUUSD

The decline in the US 10-year Treasury yield towards 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; New Home Sales can be followed during the day. As long as it remains below 2,316.96, we can see downward relaxations. The daily loss for the ounce of gold, which closed at 2,316.47 on the previous trading day, was 0.13%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 46.94, while its momentum is at 100.23. The 2,323 level can be followed in intraday upward movements. If this level is exceeded, the 2,330 and 2,336 resistances may become important. In case of possible pullbacks, 2,310, 2,303 and 2,297 will be monitored as support levels. Support: 2310 - 2303 Resistance: 2323 - 2330