XAUUSD

With the effect of the US 10-year bond yield continuing to move around the 4.45% rate, the ounce of gold recorded an outlook that suppressed recoveries. The precious metal, which started the day at 2311, is trading around the 2299 level while the analysis is being prepared. The daily loss for the ounce of gold, which closed at 2,301.57 on the previous trading day, was 0.41%. The upward movement observed in the US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 44.03, while its momentum is at 98.51. The 2,304 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 2,309, 2,317 and 2,322 may become important. In possible pullbacks, 2,294, 2,290 and 2,282 will be monitored as support levels. Support: 2294 - 2290 Resistance: 2304 - 2309