Technical analysis
The MACD indicator line is below 0, pointing down
The RSI is below 50.
What the possible outcomes are
The U.S. Treasury yields jumped higher and may continue their way up. The 10-year benchmark pointed at 1.35% yesterday. However, despite all that, XAUUSD may move the opposite way.
If the price passes the initial support level of 1,784.14, it could test the next lower at 1,776.10.
Alternatively, if the price reverses, then it could reach the first resistance level of 1,793.14.
A pass above the first level can move the price up higher towards 1,799.79.
Key levels
Support 1,784.14 1,776.10
Resistance 1,793.14 1,799.79
