XAUUSD

While the Fed's monetary policy is awaited in the middle of the week, the yield on the US 10-year Treasury bond fell below 4.15%. On the other hand, the perception of geopolitical risk in the Middle East increased with Israel's continued attacks in Lebanon, and this situation supported a slight recovery in the ounce of gold. For the precious metal, the ADP non-farm employment change, employment cost index, pending housing sales and the Fed monetary policy statement can be monitored during the day. The daily gain for the ounce of gold, which closed at 2,417 on the previous trading day, was 0.27%. The RSI indicator for the ounce of gold is at 56.36, while its momentum is at 99.80. The 2,413 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,405 and 2,392 may become important. In possible increases, 2,428 and 2,438 will be monitored as resistance levels. Support: 2413 - 2405 Resistance: 2428 - 2438