XAUUSD

We are in the middle of the week. On the one hand, the question mark of the coalition regarding the post-election economic decisions in France and the consecutive warnings from credit rating agencies, and on the other hand, the cautious statements of Fed Chair Powell regarding the interest rate cut occupy our agenda. After the Senate speech, we will also follow Fed Chair Powell's presentation in the House of Representatives today, but our main focus will be on the CPI data to come from the US on Thursday. The daily gain for the ounce of gold, which closed at 2,367.61 on the previous trading day, was 0.17%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 55.44, while its momentum is at 101.42. Its level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,363, 2,359 and 2,356 may become important. In possible increases, 2,374 and 2,379 will be monitored as resistance levels. Support: 2363 - 2359 Resistance: 2374 - 2379