XAUUSD Forex Analysis for Today, Monday (01-07-2024)

XAUUSD Forex Analysis for Today, Monday (01-07-2024)

XAUUSD Forex Analysis for Today, Monday (01-07-2024)

SELL Opportunity for XAUUSD! Head and Shoulders Pattern Detected

Analysis XAUUSD

US Inflation Data Meets Expectations

The US Core PCE Price Index data was announced in line with expectations. The data tends to show a slowdown in inflation, but the market is still awaiting confirmation from the FOMC regarding the direction of interest rates.

Head and Shoulders Pattern

A head and shoulders pattern is visible on the M30 time frame. Selling opportunities can be sought in the neckline area of this pattern.

Prediction: Weak XAUUSD


  • R1 2341.24
  • R2 2327.03
  • R3 2324.58
  • R4 2320.00


  • S1 2341.24
  • S2 2313.83
  • S3 2306.38
  • S4 2298.55

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *