XAUUSD Forex Analysis for Today, Monday (08-01-2024)




XAUUSD Forex Analysis for Today, Monday (08-01-2024)

XAUUSD Forex Analysis for Today, Monday (08-01-2024)

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Stay Vigilant! Equal Potential for Selling and Buying Gold!

XAUUSD Analysis – The price of gold has shown significant volatility following last Friday’s US NFP data announcement. The opportunities for both buying and selling are equally significant today.

Today’s Trading Strategy:

  • SELL in the range of 2044.90-2048.00
  • Target: 2040.00-2036.00

Alternatives:

  • Place a BUY STOP @2052.00
  • Target: 2060.00-2064.00

Resistance Levels:

  • R1: 2052.00
  • R2: 2060.00
  • R3: 2064.00

Support Levels:

  • S1: 2043.93
  • S2: 2052.32
  • S3: 2038.75
  • S4: 2030.36


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Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

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