XAUUSD Forex Analysis for Today
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Potential BUY: XAUUSD Still Respecting Trendline
Daily Analysis XAUUSD
Market to Monitor Inflation Data Next Week
Gold is moving relatively stable; the market is awaiting the release of US inflation data next week. CPI is expected to decrease from 3.4% to 3.1%.
Still Respecting Trendline
Gold prices are once again moving above the ascending trendline seen on the H1 time frame. The bias for today remains bullish. A breakthrough of resistance will increase the chances of a buy.
Prediction: STRONG GOLD
Resistance
- R1 2044.89
- R2 2037.58
- R3 2048.15
- R4 2052.39
Support
- S1 2013.38
- S2 2044.89
- S3 2006.45
- S4 1988.22
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