XAUUSD Forex Analysis for Today, Friday (19-01-2024)
Gold Pullback: Monitor Resistance, Look for SELL Opportunities Again
Daily Analysis XAUUSD
Middle East Conflict Drives Gold Prices
Gold prices strengthened again yesterday, driven by the demand for safe-haven assets amid the conflicts in the Middle East, while the market is still seeking clarity on the direction of Fed interest rates.
Pullback to Resistance Area, Look for Sell Signals Again
Gold prices pulled back to the resistance area on the H4 time frame. Bearish candlesticks still dominate. Monitor the resistance area for potential sell signals.
Prediction: WEAK GOLD
Resistance
- R1 2038.00
- R2 2028.00
- R3 2040.00
- R4 2048.00
Support
- S1 2030.00
- S2 2038.00
- S3 2028.00
- S4 2016.00
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. Exness South africa is not responsible for any losses that may arise from the use of this analysis.