XAUUSD:Demand for Ounce Gold May Increase



 A recovery is observed in ounce gold prices, as rising inflation and slowing growth concerns in global markets increase the demand for safe assets. In addition, there are concerns about the monkeypox virus seen in the United States and Europe. Technically, if the yellow metal, which tends towards positive pricing on the first trading day of the week, can leave the 1871 level behind permanently, 1886 resistance may come to the fore. In the possible downward movements in the commodity, the support levels of 1841 and then 1828 will be followed closely.