XAUUSD

In the short term, after the previous peak level was tested with profit sales, the ounce of gold recorded a slight recovery in the short term in an environment where the Fed's interest rate cut scenarios are strengthened. In terms of precious metal pricing, the ECB monetary policy statement and the Philadelphia Fed manufacturing index can be monitored during the day. As long as it remains above the 2,464.71 level, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,467.56 on the previous trading day, was 0.36%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 68.38, while its momentum is at 105.88. The 2,460 level can be followed in intraday downward movements. If this level is exceeded, the 2,453 and 2448 supports may become important. In possible increases, the 2,476 and 2483 will be monitored as resistance levels. Support: 2460 - 2453 Resistance: 2476 - 2483