Daily Analysis : XAUUSD ( 15 Dec 2022 )

Yellow metal’s rising was limited and is hovering around 1794 level. Last FED’s meeting came true for 2022 and messaged to market to be continued hawkish stance. FED chair Powel said that tightening policy to be continued until inflation rate is under control. Risk aversion mood is active again but anymore 25 bps is on the table. According to the CME FedWatch Tool, the Fed's 25 bps increase rose to %74 in February meeting. US 10-year treasury yield was last seen around at %3.49 level while US 2-year treasury yield was at %4.24. Additionally, the real yield for US10-year is increasing 112 bps.

Technically, 1789 (200-DMA) level, the sentiment for gold price is negative. Support is seen at 1771 level. More downside, the support is at 1765 level. On the upside, the resistance is at 1808 level. On the additional upwards, 1814 is seen as crucial resistance level.

Support: 1789 – 1771 – 1765

Resistance: 1808 – 1814 – 1828