XAUUSD Forex Analysis for Today, Friday (28-06-2024)

XAUUSD Forex Analysis for Today, Friday (28-06-2024)

XAUUSD Forex Analysis for Today, Friday (28-06-2024)

XAUUSD Strength Limited by Resistance, Monitor for Potential SELL Opportunity

Analysis XAUUSD

Today’s Market Focus on PCE Data

Gold prices strengthened yesterday despite better-than-expected US economic data. However, the dollar index is still trending higher, which could limit gold’s strength. Today’s market focus is on the scheduled release of US PCE data.

Held at Resistance Area

Gold’s price increase is limited by a resistance area visible on the H1 time frame. Selling opportunities can be sought in this resistance area.

Prediction: Weak XAUUSD


  • R1 2360.00
  • R2 2352.30
  • R3 2337.27
  • R4 2326.98


  • S1 2352.30
  • S2 2320.00
  • S3 2308.40
  • S4 2296.79

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