XAUUSD

The optimism of the US CPI data, which remained below expectations, strengthened the idea of a rate cut at the September meeting on the Fed's part and the scenario of at least 2 increases in total by the end of the year. The decreases in the Dollar Index and US Bond Interest Rates after the data provided a pricing reaction supporting positive optimism in the Gold and Silver Ounce. The daily loss for the gold ounce, which closed at 2,409.91 on the previous trading day, was 0.23%. The upward movement observed in the US bond interest rates is pressuring the gold ounce downward. The RSI indicator for the gold ounce, which is above its 20-day moving average, is at 61.86, while its momentum is at 104.86. The 2,415 level can be followed in intraday upward movements. If this level is exceeded, the 2,420 and 2,424 resistances may become important. In possible pullbacks, the 2,405, 2,401 and 2,395 will be monitored as support levels. Support: 2405 - 2401 Resistance: 2415 - 2420