Non-farm employment data to be announced tomorrow will be closely followed in terms of ounce gold prices. The possible exceeding of the market expectations of 250 thousand people may put pressure on ounce gold by creating expectations that the FED will continue its aggressive tightening momentum despite the possibility of increasing inflationary pressures caused by the demand created by the tight labor market. As a matter of fact, in recent days, FED officials have been giving hawkish messages despite the inflationary pressures. Meanwhile, the US 10-year bond yields recovered up to 3.76%. From this point of view, if the ounce of gold, which is seen to form a wedge formation, can pass below the 1704 level permanently, it can retreat until the 1695 support with the completion of the formation. In the possible upward attempts, 1726 resistance may come to the fore.

Support: 1704 – 1695 – 1686
Resistance: 1726 – 1735 – 1744