XAUUSD Forex Analysis for Today, Thursday (13-06-2024)
Potential SELL XAUUSD If Support Breaks
XAUUSD Analysis
Expectations of Fed Rate Cuts Diminish
The rise in gold prices is stalled after the Fed stated they are likely to cut interest rates only once this year, emphasizing that inflation tends to increase.
Look for Sell If Support Breaks
The strengthening of XAUUSD is hindered by the resistance area. Prices are testing the support area again. Selling opportunities can be taken if there is a breakthrough below the support area.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2346.75
- R2 2309.32
- R3 2359.58
- R4 2377.05
Support Levels
- S1 2309.32
- S2 2346.75
- S3 2296.92
- S4 2285.98
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