XAUUSD Forex Analysis for Today, Tuesday (03-09-2024)





XAUUSD Forex Analysis for Today, Tuesday (03-09-2024)

XAUUSD Still Showing SELL Potential, Remains Under Pressure

XAUUSD Analysis

Gold Remains Pressured

The price of gold continues to be pressured due to the strengthening USD, while market participants await the US non-farm payrolls data to solidify expectations regarding the Fed’s rate cut size this month.

Still Pressured

Gold prices are generally still under pressure for the intraday outlook. SELL opportunities can still be sought if a pullback occurs to the entry area.

Prediction: WEAK XAUUSD

Resistance Levels

  • R1 2530.00
  • R2 2525.00
  • R3 2520.00
  • R4 2515.00

Support Levels

  • S1 2507.53
  • S2 2485.33
  • S3 2474.75
  • S4 2463.64


JustMarkets

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