XAUUSD

Despite the US economy growing by 2.8% in the second quarter of the year compared to the first reading, the slowdown in the GDP deflator towards 2.3% allowed the 10-year Treasury bond yield to move slightly. As a result of this situation, the ounce of gold has recovered somewhat. For precious metal pricing, the core PCE price index change and Michigan consumer sentiment can be monitored during the day. The daily gain for the ounce of gold, which closed at 2,370.76 on the previous trading day, was 0.26%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 47.76, while its momentum is at 99.98. The 2,364 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,357 and 2,352 may become important. In possible increases, the resistance levels of 2,381, 2,392 and 2,404 will be monitored. Support: 2364 - 2357 Resistance: 2381 - 2392