XAUUSD Forex Analysis for Today, Wednesday (10-07-2024)
BUY Opportunity on XAUUSD Again! Still in Trendline Area
XAUUSD Analysis
Traders Await US Inflation Data
Gold prices are moving relatively stable as the market awaits the US inflation data for June, which will be announced this week. The market is looking for inflation data to get clearer guidance on the direction of Fed interest rates.
Look for Buy in Trendline Area
The price correction appears to be held at the rising trendline visible on the H1 time frame. BUY opportunities can be sought in that trendline area.
Prediction: STRONG XAUUSD
Resistance
- R1 2334.27
- R2 2364.14
- R3 2377.29
- R4 2393.56
Support
- S1 2300.00
- S2 2320.00
- S3 2240.00
- S4 2360.00
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