XAUUSD Forex Analysis for Today, Wednesday(17-04-2024)
Check Potential Buying Opportunities in XAUUSD Now! Support Holding, Prepare for a Pullback!
Daily Analysis XAUUSD
Geopolitical Tensions Still Ongoing
Israel has announced its intention to respond to drone attacks launched into the country. Geopolitical tensions in the Middle East continue. Market participants seek refuge through safe-haven instruments, keeping gold prices buoyant.
Breaking Previous Resistance
Prices have broken through previous resistance and have become a new support area on the H1 timeframe. Buying opportunities are available at the nearest support area as confirmation of the uptrend continuation.
Prediction: STRONG XAUUSD
Resistance
- R1 2380.16
- R2 2365.94
- R3 2393.45
- R4 2400.48
Support
- S1 2365.94
- S2 2380.16
- S3 2357.34
- S4 2348.59
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