XAUUSD

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XAUUSD

Despite the US 10-year Treasury bond yield rising above 4.30%, ounce gold has shown some recovery. The precious metal opened the day at 2249. JOLTS job opportunities and FOMC member Mester's speech can be followed during the day due to their possible effects. When we evaluate short-term ounce gold pricing technically, we are following the 2223 - 2235 region, which is currently supported by the 13 (2235) period exponential moving average. The upward trend may continue as the precious metal moves above the 2223 - 2235 region. If the upward movements continue, the 2260 and 2265 levels may be encountered. At this stage, the reaction to the 2260 - 2265 range can be monitored in terms of the continuation of the positive expectation. In the alternative view, it may be necessary to see permanence below the 2223 - 2235 region in order for the negative expectation to come to the fore. In this case, pullbacks towards the levels of 2212 and 2200 can be observed. Support: 2235-2223 Resistance: 2265-2275