XAUUSD Forex Analysis for Today, Friday(22-03-2024)
READY TO BUY GOLD NOW! Hammer Pattern Near Support!
Daily Analysis XAUUSD
Gold Corrects After Setting New Records
Gold prices corrected yesterday after a rally that occurred due to support from Fed Chair Jerome Powell’s statement, indicating that the Fed is still on track for three interest rate cuts this year.
Hammer Near Support Area
A hammer pattern is visible near the support area on the H1 time frame. Monitor the support area for possible continuation of the correction to that area.
Prediction: STRONG XAUUSD
Resistance
- R1 2163.51
- R2 2143.56
- R3 2171.39
- R4 2184.02
Support
- S1 2143.56
- S2 2163.51
- S3 2134.47
- S4 2120.11
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