XAUUSD Forex Analysis for Today, Monday (26-02-2024)

XAUUSD Forex Analysis for Today, Monday (26-02-2024)

XAUUSD Forex Analysis for Today, Monday (26-02-2024)

Correction Approaching Support, Prepare to BUY XAUUSD

Daily XAUUSD Analysis

Dollar Weakness and Middle East Tensions Boost Gold

Gold prices rose on Friday, lifted by dollar weakness and increased demand for safe-haven assets due to escalating tensions in the Middle East. The dollar index experienced its first weekly decline this year as market participants engaged in profit-taking.

Monitor Support Area

Prices are correcting again but there is a support area to watch out for as it may hold the correction. Monitor the support area to look for buy positions.

Prediction: STRONG GOLD


  • R1: 2027.46
  • R2: 2015.18
  • R3: 2030.80
  • R4: 2034.43


  • S1: 2015.18
  • S2: 2027.46
  • S3: 2012.35
  • S4: 2005.67

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