XAUUSD Forex Analysis for Today, Thursday (06-06-2024)

XAUUSD Forex Analysis for Today, Thursday (06-06-2024)

XAUUSD Forex Analysis for Today, Thursday (06-06-2024)

XAUUSD REBOUND! BUY Again If Resistance Breaks

Analysis of XAUUSD

Weakening USD Pushes Gold Prices

Gold prices strengthened again as US bond yields fell and the USD weakened after private sector employment data showed weakness, reinforcing expectations that the Fed will cut interest rates this year, despite the ISM non-manufacturing PMI showing an increase.

Buy If Resistance Breaks

XAUUSD is once again testing the resistance area. Buying opportunities can be taken if there is a break above this resistance area.


Resistance Levels

  • R1 2363.81
  • R2 2350.82
  • R3 2368.97
  • R4 2373.24

Support Levels

  • S1 2354.38
  • S2 2363.81
  • S3 2347.26
  • S4 2342.64

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