XAUUSD Testing Trendline, Still Opportunity to SELL
Daily Analysis XAUUSD
Gold Lifted But Still on Weekly Weakness Trend
Gold prices lifted but still remain on the weekly weakening trend path after US inflation data dampened the possibility of Fed interest rate cuts in the near future.
Monitor Resistance Area
Prices appear to be stalled again in the resistance area and are testing the downward trendline area in the H1 time frame.
Prediction: WEAK GOLD
Resistance
- R1 2037.29
- R2 2020.13
- R3 2049.65
- R4 2063.03
Support
- S1 2020.13
- S2 2037.29
- S3 2008.82
- S4 1989.46
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