Daily Analysis : XAUUSD ( 13 Dec 2022 )

Yellow metal's rise has been limited. It is currently hovering around 1787 levels. Although it increased its bullish expectations last week, it cannot hold above the critical level of 1805. Gold’s traders focussed inflation data which will be announced. Lower-than-expectations data from US could be supportive that rising above 1805 level. According to the CME FedWatch Tool, the Fed's 50 bps increase rose to %77. Today, US 10-year treasury yield was last seen around at %3.60 level while US 2-year treasury yield was at %4.37. Additionally, the real yield for US10-year is increasing 102 bps.

Technically, below 1790 (200-DMA) level, the sentiment for gold price is negative. Support is seen at 1777 level. More downside, the support is at 1768 level. On the upside, the resistance is at 1805 level. On the additional upwards, 1822 is seen as crucial resistance level.

Support: 1777 – 1768 – 1758

Resistance: 1790 – 1805 – 1822