XAUUSD

The US 10-year Treasury bond yield heading towards 3.90% has created a possibility of recovery after declines in gold. In the short term, as long as the ounce of gold remains above the 2400-2413 area, the expectation of an increase continues. In this case, a movement area towards the 2425 and 2431 levels may occur. However, in order for the ounce of gold to show a downward trend, permanent pricing below the 2400-2413 area is required. In case of a decline below the 2413 level, there may be a pullback towards the 2390 and 2375 levels. Support: 2390 - 2375 Resistance: 2400 - 2413