XAUUSD Forex Analysis for Today
Check SELL Opportunities for XAUUSD: Monitor BoS Area
XAUUSD Analysis
Profit Taking Pressures Gold Prices
Gold prices are pushed to a two-week low due to market profit taking. The market will monitor US inflation conditions from tonight’s US PCE data to seek clues on when the Fed will begin rate cuts.
Pullback to BoS Area
A pullback is occurring to the Break of Structure (BoS) area seen on the H1 time frame.
Prediction: WEAK XAUUSD
Resistance
- R1: 2420.00
- R2: 2400.00
- R3: 2380.00
- R4: 2340.00
Support
- S1: 2404.19
- S2: 2361.76
- S3: 2340.87
- S4: 2321.08
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