Gold (XAU/USD) Forex Analysis – Thursday(29-02-2024)

Gold (XAU/USD) Forex Analysis – Thursday(29-02-2024)

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


  • R1 2042.44
  • R2 2034.75
  • R3 2045.85
  • R4 2050.15


  • S1 2034.75
  • S2 2042.44
  • S3 2032.16
  • S4 2027.52

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