XAUUSD Forex Analysis for Today, Wednesday (03-07-2024)
XAUUSD Still Hovering Around Resistance, Look for SELL Opportunities
Analysis XAUUSD
Comments from Powell Still Being Digested, Market Awaits Data
The market is still waiting for the US non-farm payrolls data this week after the JOLTs Job Openings data was announced higher than expected at 8.14 million. The previous data was revised to 7.92 million. The market is also digesting the statement from Fed Chairman Jerome Powell, who expressed satisfaction with the inflation data progress but reiterated that the Fed needs more evidence to change interest rates.
Still in Resistance Area
Gold prices are still moving in the resistance area visible on the H1 time frame. Sell opportunities can be found in this resistance area.
Prediction: Weak XAUUSD
Resistance
- R1 2350.00
- R2 2348.39
- R3 2339.76
- R4 2330.07
Support
- S1 2348.39
- S2 2330.07
- S3 2322.21
- S4 2314.01
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast