Gold Analysis

Last week, the Fed decision in the USA was closely watched, and a hawkish Fed was observed. Expectations that the bank could continue with higher interest rates for a longer period of time had put pressure on precious metals. Additionally, expectations of bond yields and new bond issuances in the USA were among the factors weighing on gold. Tomorrow, the markets will be watching for the release of GDP data from the USA. Prior to that, economic data on Durable Goods Orders will increase volatility on the new day. The data will be released at 15:30 GMT. Ons gold, which experienced downward movements during the week, started the new day around 1900. When analyzing the XAUUSD chart technically, the resistance levels can be followed at 1903 - 1913 - 1925, and the support levels at 1885 - 1871 - 1860.