XAUUSD Forex Analysis for Today, Thursday (20-06-2024)
Potential SELL XAUUSD, Symmetrical Triangle Opportunity
XAUUSD Analysis
Market Focus on US Jobless Claims Data
Today, the market is focused on US jobless claims data and the Flash Purchasing Managers Index to be released on Friday. Weekly jobless claims are expected to improve from 242K to 235K.
Potential Symmetrical Triangle
A potential symmetrical triangle pattern is visible on the H4 time frame. Selling opportunities can be found at the upper line of the pattern.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2380.00
- R2 2360.00
- R3 2345.56
- R4 2329.81
Support Levels
- S1 2330.13
- S2 2345.56
- S3 2318.67
- S4 2306.63
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