XAUUSD

With the effect of the increase in the US 10-year Treasury bond yield to 4.67%, ounce gold displayed limited pricing. The precious metal, which opened the day at 2382, is trading around 2380 while the analysis is being prepared. When we technically evaluate the short-term ounce gold pricing, we are following the 2365 - 2375 region, which is currently supported by the 13 (2375) and 34 (2359) period exponential moving averages. As long as the precious metal moves above the 2365 - 2375 region, positive expectations may become dominant. If the upward trend continues, the 2390 and 2400 levels may come to the agenda. In the alternative case, in order for the negative expectation to come to the fore, permanence below the 2365 - 2355 region may be required. In this case, the 2345 and 2330 levels may be encountered. Support: 2365 - 2355 Resistance: 2390 - 2400