XAUUSD Forex Analysis for Today, Monday(15-04-2024)
Opportunity to BUY XAUUSD Today: Targeting Correction Before Continuing Up Trend!
Daily Analysis XAUUSD
Gold Still in Up Trend, Middle East Escalation
Gold returned to the green zone above $2,350 on Monday, after correcting from its record high of $2,431 on Friday. Gold continues its upward trend due to the Middle East escalation after Iran attacked Israel over the weekend, and is likely to continue rising ahead of the release of US Retail Sales data.
Support Held, Targeting Correction
Prices held at the support area on the H4 time frame. BUY opportunities are available by targeting price corrections as long as prices do not break the support area.
Prediction: STRONG XAUUSD
Resistance
- R1 2330.27
- R2 2305.54
- R3 2358.89
- R4 2373.73
Support
- S1 2305.54
- S2 2330.27
- S3 2288.59
- S4 2272.33
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