XAUUSD

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XAUUSD

On the last trading day of the week; the US 10-year Treasury bond interest rate fell below 4.50% again after the unemployment benefit application data, and the ounce of gold recorded a slight recovery. The precious metal, which opened the day at 2346, is priced around 2357 while the analysis is being prepared. Michigan consumer sentiment and inflation expectations can be monitored during the day due to their possible effects. We can see upward momentum as long as it remains above 2,351. The daily gain for the ounce of gold, which closed at 2,353 on the previous trading day, was 0.33%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 59.54, while its momentum is at 101.63. The 2,351 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,347, 2,341 and 2,336 may become important. In possible increases, 2,362, 2,368 and 2,374 will be monitored as resistance levels. Support: 2347 - 2341 Resistance: 2362 - 2368