XAUUSD Forex Analysis for Today, Thursday(28-03-2024)
Still Able to Purchase XAUUSD Now! Potential Triangle Breakout
Daily Analysis XAUUSD
Gold Price Rises, Waiting for Key Inflation Data
Gold prices rose on Wednesday, with market participants awaiting key US inflation data later this week, which could provide clues about Fed policy. The US Personal Consumption Expenditures Price Index (PCE) for February will be released on Friday. If inflation remains under control, gold prices will rise.
Potential Triangle Breakout
Held at support and there is potential for a triangle breakout on the H1 timeframe to continue its uptrend. Look for buying opportunities again at the nearest support area before continuing its trend.
Prediction: STRONG XAUUSD
Resistance
- R1 2183.79
- R2 2173.08
- R3 2194.59
- R4 2200.22
Support
- S1 2173.08
- S2 2183.79
- S3 2166.92
- S4 2160.30
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