XAUUSD

Following the US leading services and manufacturing PMI data falling short of expectations, the 10-year Treasury bond yield moving around 4.62% allowed the ounce of gold to move relatively limited. The precious metal, which opened the day at 2321, is trading around 2327 while the analysis is being prepared. Durable goods orders data can be followed during the day due to its possible effects. When we evaluate the short-term pricing of the ounce of gold technically, we can see upward momentum as long as it remains above 2,324.83. The daily gain for the ounce of gold, which closed at 2,328.51 on the previous trading day, was 0.29%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 57.53, while its momentum is at 99.55. The 2,324 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,319, 2,310 and 2,305.38 may become important. In possible increases, 2,333., 2,339. and 2,347 will be monitored as resistance levels. Support: 2319 - 2310 Resistance: 2333 - 2339