XAUUSD

With the effect of the US 10-year Treasury bond interest moving around the 4.48% rate, the ounce of gold recorded an appearance dominated by relatively horizontal pricing. The precious metal, which opened the day at 2324, is priced around the 2323 level while the analysis is being prepared. Technically, it is observed that the commodity is experiencing a decline due to the appreciation of the Dollar. As long as it remains below the 2.324 level, we can see downward relaxations. The daily loss for the ounce of gold, which closed at 2.323 on the previous trading day, was 0.03%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 54.42, while its momentum is at 97.11. The 2.324 level can be followed in intraday upward movements. If this level is exceeded, the 2.328, 2.334 and 2.339 resistances may become important. In case of possible pullbacks, 2,318, 2,314 and 2,308 will be monitored as support levels. Support: 2314 - 2308 Resistance: 2328 - 2334