XAUUSD Forex Analysis for Today, Friday (21-06-2024)
Look for BUY XAUUSD, Price Above Trendline
XAUUSD Analysis
US Economic Data Shows Slowdown
Gold prices strengthened after US economic data indicated signs of economic slowdown, reinforcing expectations that the Fed will still cut interest rates this year.
Monitor Trendline Area
Prices are seen moving above the upward trendline on the H1 timeframe. Buy opportunities can be sought if there is a correction towards the trendline or nearest support.
Prediction: STRONG XAUUSD
Resistance Levels
- R1 2339.53
- R2 2324.89
- R3 2365.58
- R4 2378.52
Support Levels
- S1 2300.00
- S2 2320.00
- S3 2324.89
- S4 2339.53
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