XAUUSD Forex Analysis for Today, Friday (21-06-2024)

XAUUSD Forex Analysis for Today, Friday (21-06-2024)

XAUUSD Forex Analysis for Today, Friday (21-06-2024)

Look for BUY XAUUSD, Price Above Trendline

XAUUSD Analysis

US Economic Data Shows Slowdown

Gold prices strengthened after US economic data indicated signs of economic slowdown, reinforcing expectations that the Fed will still cut interest rates this year.

Monitor Trendline Area

Prices are seen moving above the upward trendline on the H1 timeframe. Buy opportunities can be sought if there is a correction towards the trendline or nearest support.


Resistance Levels

  • R1 2339.53
  • R2 2324.89
  • R3 2365.58
  • R4 2378.52

Support Levels

  • S1 2300.00
  • S2 2320.00
  • S3 2324.89
  • S4 2339.53

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.

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