XAUUSD Forex Analysis for Today, Monday (29-01-2024)
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Prepare to SELL GOLD: Stuck at Resistance and Trendline
Daily Analysis XAUUSD
Fed Decision Awaited
Gold prices are still relatively stable as the market awaits the Fed’s interest rate decision this week.
Stalled at Resistance and Trendline
Prices are seen moving below the trendline. It’s seen testing the resistance area that coincides with the trendline. Sell opportunities can be sought in the resistance area.
Prediction: WEAK GOLD
Resistance
- R1 2031.45
- R2 2022.00
- R3 2037.10
- R4 2042.00
Support
- S1 2025.00
- S2 2031.45
- S3 2019.35
- S4 2014.80
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