XAUUSD

While the Fed monetary policy statement is awaited, the US 10-year Treasury bond yield is moving limitedly around the 4.18% rate. This situation allows the ounce of gold to be priced in a limited area. For the precious metal, Conference Board consumer confidence and JOLTS job opportunities can be monitored during the day. As long as it remains above the 2,384.21 level, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,387.62 on the previous trading day, was 0.20%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 50.99, while its momentum is at 99.02. The 2,380 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,372 and 2,368 may become important. In possible increases, the resistance levels of 2,391, 2,395 and 2,403 will be monitored. Support: 2380 - 2372 Resistance: 2391 - 2395