XAUUSD

10:15, 20 July

XAUUSD

XAUUSD

On the opening day of the week, with the European session, although the ounce of gold regressed to 1795 levels, it closed the day at 1812 with strong purchases. The yellow metal appreciated in the Asian session as well. The dollar index has reached its highest levels since April and the depreciation in global stocks is creating selling pressure for ounce gold. On the other hand, the decrease in 10-year bond yields to 1.18% limits the depreciation of one ounce.

 

Technically, it can be followed as 1820 resistance level above and 1804 support below. If this level is broken, the selling pressure may continue until the 1794 support level.

 

  • Resistance: 1820 – 1825 – 1832
  • Support: 1804 – 1794 – 1784