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





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

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

Look for BUY Opportunities on XAUUSD: Moving Above Trendline

XAUUSD Analysis

Powell Signals Faster Rate Cuts

Gold prices rose after Fed Chairman Jerome Powell signaled that the Fed might soon cut interest rates in September if inflation aligns with forecasts.

Moving Above Trendline

An upward trendline and an accelerating trendline are visible on the H1 time frame. Look for buy opportunities in the area of the accelerating trendline.

Prediction: STRONG XAUUSD

Resistance

  • R1 2412.67
  • R2 2449.29
  • R3 2467.57
  • R4 2484.86

Support

  • S1 2380.00
  • S2 2400.00
  • S3 2420.00
  • S4 2440.00


JustMarkets

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. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *