XAUUSD Forex Analysis for Today
SELL Opportunity in XAUUSD: Bearish Flag + BoS
XAUUSD Analysis
Gold Under Pressure
Gold prices rose yesterday but were again pressured, moving steadily below the $2,400 per troy ounce area, weighed down by the 10-year US Treasury yield at 4.274 percent.
Bearish Flag + BoS
A bearish flag pattern is visible on the H1 time frame, followed by a Break of Structure (BoS).
Prediction: WEAK XAUUSD
Resistance
- R1: 2450.00
- R2: 2425.00
- R3: 2400.00
- R4: 2375.00
Support
- S1: 2404.19
- S2: 2361.76
- S3: 2340.87
- S4: 2321.08
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