XAUUSD

Following the positive reflections of Fed Chair Powell's statements on inflation on the market, gold ounces have recovered somewhat in the short term. For precious metal pricing, ADP nonfarm payrolls change, unemployment benefit applications, ISM services PMI and FOMC meeting minutes can be followed during the day. We can see upward momentum as long as it remains above 2,331.62. The daily gain for gold ounce, which closed at 2,333.79 on the previous trading day, was 0.14%. The RSI indicator for gold ounce, which is above its 20-day moving average, is at 50.75, while its momentum is at 100.63. The 2,329 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,324 and 2,318 may become important. In possible increases, 2,338 and 2,343 will be monitored as resistance levels. Support: 2329 - 2324 Resistance: 2338 - 2343