XAUUSD Forex Analysis for Today, Tuesday(26-03-2024)
Opportunity to BUY XAUUSD Today! Potential Ascending Triangle
Daily Analysis XAUUSD
Gold Price Rises Limited, Waiting for Confirmation of This Week’s Data Release
Gold prices rose on Monday, driven by expectations of interest rate cuts by the US Federal Reserve this year, as traders await this week’s inflation data release. The weekly initial jobless claims report will be released on Thursday, followed by US core personal consumption expenditure (PCE) price index data on Friday, which will determine the direction of gold prices.
Consolidated Around Support, Potential Ascending Triangle
Gold prices are still consolidated around the support area, with the potential for an ascending triangle on the H4 time frame. Look for BUY opportunities in that support area as long as the price does not penetrate the support area.
Prediction: STRONG XAUUSD
Resistance
- R1 2163.42
- R2 2150.82
- R3 2176.49
- R4 2182.53
Support
- S1 2150.82
- S2 2163.42
- S3 2145.81
- S4 2140.42
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