XAUUSD Forex Analysis for Today, Thursday(11-07-2024)
Opportunity to BUY XAUUSD! Bullish Wedge Pattern Confirmed
XAUUSD Analysis
Rate Cut Expectations Increase
Gold prices rose after a statement from Fed Chair Jerome Powell once again raised expectations that the Fed will soon cut interest rates, while the market remains awaiting inflation data for further clues.
Bullish Wedge Pattern
A bullish falling wedge pattern has been confirmed on the H1 time frame. Buying opportunities can be sought if there is a pullback near the upper line area of this pattern.
Prediction: STRONG XAUUSD
Resistance
- R1 2346.68
- R2 2382.44
- R3 2400.59
- R4 2420.41
Support
- S1 2320.00
- S2 2340.00
- S3 2260.00
- S4 2380.00
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