XAUUSD

On the first trading day of May; With the effect of the US 10-year Treasury bond interest rate increasing to 4.67%, ounce gold recorded prices where the desire to decrease was at the forefront. The precious metal, which opened the day at 2286, is trading around 2287 while the analysis is being prepared. During the day, ADP non-farm employment change, ISM manufacturing PMI, JOLTS job opportunities data and Fed monetary policy statement can be followed due to their possible effects. As long as it remains below 2,295, we can see downward relaxations. The upward movement observed in US bond interest rates is pressuring ounce gold downward. While the RSI indicator for ounce gold, which is above its 20-day moving average, is at 56.10, its momentum is at 99.26. The 2,295 level can be followed in intraday upward movements. If this level is exceeded, 2,305, 2,319 and 2,333 resistances may become important. In case of possible pullbacks, 2,282, 2,2270 and 2,253 will be monitored as support levels. Support: 2295 - 2305 Resistance: 2282 - 2270