XAUUSD Forex Analysis for Today, Friday (19-01-2024)

XAUUSD Forex Analysis for Today, Friday (19-01-2024)

XAUUSD Forex Analysis for Today, Friday (19-01-2024)

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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


  • R1 2038.00
  • R2 2028.00
  • R3 2040.00
  • R4 2048.00


  • S1 2030.00
  • S2 2038.00
  • S3 2028.00
  • S4 2016.00

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