XAUUSD Currency Pair Analysis for Today
Review the analysis for XAUUSD currency pair for today, Tuesday(19-03-2024).
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Prepare to SELL! XAUUSD Still Held at Resistance!
Daily Analysis for XAUUSD
Anticipating FOMC, Gold Prices Rise Limitedly
Gold prices experienced a limited increase of about 0.2%, restrained due to market caution in anticipation of the FOMC. There is a high possibility that the interest rate cut will be postponed at this week’s FOMC meeting, which could potentially cause a significant decline in gold prices.
Held in Down Trend Channel
Gold prices are still within the down trend channel area and are held at resistance on the H4 time frame. Look for selling opportunities at that resistance area.
Prediction: WEAK XAUUSD
Resistance Levels
- R1 2173.14
- R2 2163.72
- R3 2179.45
- R4 2185.86
Support Levels
- S1 2163.72
- S2 2173.14
- S3 2151.75
- S4 2145.76
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