XAUUSD

On the last trading day of the week; with the US 10-year Treasury bond yield rising above 4.20% again, the ounce of gold recorded an appearance that deepened its retreats. In terms of precious metal pricing; FOMC member Williams' speech can be followed during the day. It is observed that the commodity is experiencing a decline due to the appreciation of the dollar. We can see downward relaxations as long as it remains below the level of 2,430.69. The daily loss for the ounce of gold, which closed at 2,426.08 on the previous trading day, was 0.79%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 59.17, while its momentum is at 102.97. The 2,430.69 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 2,440.75 and 2,455.43 may become important. In case of possible pullbacks, 2,416.02 and 2,405.96 will be monitored as support levels. Support: 2416 - 2405 Resistance: 2430 - 2440