XAUUSD Forex Analysis for Today, Tuesday (16-07-2024)
BUY Opportunity for XAUUSD! Symmetrical Triangle Confirmed!
Analysis XAUUSD
Fed Rate Cut Expectations Boost Gold
Gold prices rose due to expectations of interest rate cuts by the Fed. The market continues to monitor statements from Fed officials to find clarity on when the cuts will begin.
Symmetrical Triangle Confirmed
The symmetrical triangle pattern is confirmed on the H1 time frame. Buying opportunities can be taken in the upper line area of this pattern.
Forecast: STRONG XAUUSD
Resistance
- R1 2399.82
- R2 2431.32
- R3 2447.02
- R4 2462.51
Support
- S1 2360.00
- S2 2380.00
- S3 2400.00
- S4 2420.00
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. XM broker 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