XAUUSD Forex Analysis for Today, Thursday (06-06-2024)
XAUUSD REBOUND! BUY Again If Resistance Breaks
Analysis of XAUUSD
Weakening USD Pushes Gold Prices
Gold prices strengthened again as US bond yields fell and the USD weakened after private sector employment data showed weakness, reinforcing expectations that the Fed will cut interest rates this year, despite the ISM non-manufacturing PMI showing an increase.
Buy If Resistance Breaks
XAUUSD is once again testing the resistance area. Buying opportunities can be taken if there is a break above this resistance area.
Forecast: STRONG XAUUSD
Resistance Levels
- R1 2363.81
- R2 2350.82
- R3 2368.97
- R4 2373.24
Support Levels
- S1 2354.38
- S2 2363.81
- S3 2347.26
- S4 2342.64
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