XAUUSD
On the first trading day of the week, the US 10-year Treasury bond yield displayed an outlook that suppressed ounce gold recoveries in the short term, due to the effect of limiting the declines around 4.23%. New home sales can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2021 - 2030 region, which is currently supported by the 34 (2024) period exponential moving average. As long as the precious metal suppresses the desire to retreat in the 2021 - 2030 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2040 and 2052 levels. In the alternative case, in order for the negative expectation to come to the fore, permanence may be required below the 2021 - 2030 region. In this case, the 2012 and 2003 levels may be encountered in the declines that may occur. Support: 2021-2003 Resistance: 2040-2052