XAUUSD Forex Analysis for Today, Wednesday(27-03-2024)
Opportunity to BUY XAUUSD Now! Ascending Triangle Penetrated!
Daily Analysis XAUUSD
Gold Price Drops After Price Surge
Gold prices dropped after surging to $2,200 on Tuesday. Various releases of US macroeconomic data supporting USD strength caused gold to correct below $2,180.
Ascending Triangle Pattern Confirmed
The ascending triangle pattern has been penetrated and confirmed to continue its uptrend on the H1 time frame. Look for buying opportunities again at the breakout area or support area to continue the rise.
Prediction: STRONG XAUUSD
Resistance
- R1 2174.95
- R2 2166.56
- R3 2183.91
- R4 2188.52
Support
- S1 2166.56
- S2 2174.95
- S3 2161.68
- S4 2156.35
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