XAUUSD

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XAUUSD

The Classic Dollar Index, which drew attention with its negative pricing behavior after the US ISM Manufacturing PMI data that fell below expectations and increased the pace of contraction yesterday and took an important step in ending the upward trend view, should be followed carefully in order to answer the question of whether it is serious in its intention. The 105-day averages psychologically and the 34-day and 100-day averages (104.33 - 104.65 region) theoretically can now be explained as a significant resistance and a strong resistance in order to create pressure for the new appearance of the index. The 1.0910 level can be followed in intraday upward movements. If this level is exceeded, the 1.0917, 1.0926 and 1.0935 resistances may become important. In possible pullbacks, 1.0899, 1.0890 and 1.0881 will be followed as support levels. Support: 1.0899 – 1.0890 Resistance: 1.0917 – 1.0926