Gold (XAU/USD) Forex Analysis for Today
Seeking Selling Opportunities in XAU/USD, Still Restrained by Resistance
Daily Analysis XAU/USD
Market Prepares for US Inflation Data
Gold prices strengthened yesterday after US GDP data showed a slowdown below expectations. However, the gold rally is restrained as the market awaits today’s US inflation data.
Still Restrained by Resistance
Prices are still held back in the resistance area, as seen on the H1 time frame. Selling opportunities can be sought in the resistance zone, as long as the price does not break above the resistance.
Prediction: WEAK GOLD
Resistance
- R1 2042.44
- R2 2034.75
- R3 2045.85
- R4 2050.15
Support
- S1 2034.75
- S2 2042.44
- S3 2032.16
- S4 2027.52
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