XAUUSD Forex Analysis for Today, Tuesday(16-04-2024)
Still Targeting BUY XAUUSD: Break Resistance, Continue Upward Trend!
Daily Analysis XAUUSD
Gold Prices Surge
Gold prices surged by more than 1% as US Retail Sales data showed sustained economic resilience. Additionally, Gold benefited from physical demand and its appeal as a safe-haven asset amid geopolitical uncertainty.
Breaking Previous Resistance
Prices have broken through the previous resistance and have become the new support area on the H1 timeframe. Buying opportunities are available at the nearest support area as confirmation of the continuation of the upward trend.
Prediction: STRONG XAUUSD
Resistance
- R1 2363.33
- R2 2344.19
- R3 2381.31
- R4 2391.58
Support
- S1 2344.19
- S2 2363.33
- S3 2332.76
- S4 2321.32
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