XAUUSD Forex Analysis for Today, Thursday (05-09-2024)
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XAUUSD Still Has SELL Potential, Resistance Holding Again
XAUUSD Analysis
The gold price experienced a decline once more, reaching its lowest level in nearly two weeks. This drop is partly due to market expectations that the Fed’s rate cut this month will be modest, with predictions of only a 25 basis point reduction.
Resistance Holding Again
Gold prices are once again testing the resistance area. SELL opportunities may still be explored in entry areas that align with the resistance levels.
Prediction: WEAK XAUUSD
Resistance Levels
- R1: 2525.00
- R2: 2520.00
- R3: 2515.00
- R4: 2510.00
Support Levels
- S1: 2507.53
- S2: 2485.33
- S3: 2474.75
- S4: 2463.64
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