XAUUSD Testing Support Again, Look for Sell on Breakout
Analyze XAUUSD
Dallas Fed President: Too Soon to Cut Rates
The market is still digesting US inflation data, which shows slight progress towards the Fed’s 2 percent target. However, Dallas Fed President Lorie Logan stated that it is still too early to consider cutting interest rates.
Testing Support Area
XAUUSD is still testing the support area. Selling opportunities can be considered if there is a breakout below the support area.
Prediction: WEAK XAUUSD
- Resistance
- R1 2349.16
- R2 2333.45
- R3 2358.91
- R4 2369.93
- Support
- S1 2317.99
- S2 2333.45
- S3 2308.88
- S4 2297.80
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