XAUUSD Forex Analysis for Today, Friday (14-06-2024)

XAUUSD Forex Analysis for Today, Friday (14-06-2024)

XAUUSD Forex Analysis for Today, Friday (14-06-2024)

Selling Opportunity for XAUUSD: Bearish Flag Confirmed

XAUUSD Analysis

USD Still Strong After Hawkish Fed Stance

USD continues to strengthen despite weaker-than-expected US PPI data. The USD strengthening is driven by the Fed’s hawkish statement, predicting only one interest rate cut this year, likely in December.

Bearish Flag Confirmed

A bearish flag pattern has been confirmed on the H1 timeframe. Prices are testing the support area again. Selling opportunities can be considered if there is another break below the support area.

Prediction: WEAK XAUUSD

Resistance Levels

  • R1 2327.64
  • R2 2280.76
  • R3 2342.69
  • R4 2359.38

Support Levels

  • S1 2280.76
  • S2 2327.64
  • S3 2259.82
  • S4 2239.31

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. Exness 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

Leave a Reply

Your email address will not be published. Required fields are marked *