XAUUSD

Despite the US 10-year Treasury yield rising above 4.33%, the ounce of gold displayed a view that limited its declines. For the precious metal, which started the day at 2298 and was traded around 2299 while the analysis was being prepared; growth rate and deflator, unemployment benefit applications, durable goods orders and pending housing sales can be followed during the day. The daily gain for the ounce of gold, which closed at 2,299.70 on the previous trading day, was 0.07%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 44.30, while its momentum is at 99.26. The 2,292 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,288 and 2,2280 may become important. In possible increases, 2,304 and 2,309 will be monitored as resistance levels. Support: 2292 - 2288 Resistance: 2304 - 2309