XAUUSD

Following the shallow movements observed due to the market being closed due to the holiday in the US; the decline in 10-year Treasury yields continued, albeit limited, and supported the recovery of troy ounce gold in the short term. In terms of precious metal pricing, average hourly earnings, unemployment rate and non-farm employment change data can be monitored during the day. As long as it remains above the level of 2,361.09, we can see upward acceleration. The daily gain for troy ounce gold, which closed at 2,364.18 on the previous trading day, was 0.37%. The RSI indicator for troy ounce gold, which is above its 20-day moving average, is at 56.63, while its momentum is at 101.53. The level of 2,357 can be followed in intraday downward movements. If this level is exceeded, the supports of 2,350 and 2,347 may become important. In possible increases, 2,367, 2,371 and 2,378 will be monitored as resistance levels. Support: 2357 - 2350 Resistance: 2367 - 2371