XAUUSD Showing Bullish Momentum, Look to Buy If It Breaks Resistance
Analysis XAUUSD
US Unemployment Claims Pressuring USD
Gold prices rose more than 1 percent yesterday after US unemployment claims data exceeded expectations, strengthening market optimism for a Fed interest rate cut this year.
Bullish Bias Today
Prices are rising and testing the resistance area. Buying opportunities can be sought if there is a breakthrough above the resistance area.
Prediction: STRONG XAUUSD
Resistance
- R1 2351.61
- R2 2336.49
- R3 2360.53
- R4 2368.88
Support
- S1 2336.49
- S2 2351.61
- S3 2326.88
- S4 2320.30
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