XAUUSD Forex Analysis for Today, Monday(19-02-2024)

XAUUSD Forex Analysis for Today, Monday(19-02-2024)

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


  • R1 2037.29
  • R2 2020.13
  • R3 2049.65
  • R4 2063.03


  • S1 2020.13
  • S2 2037.29
  • S3 2008.82
  • S4 1989.46

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