XAUUSD Forex Analysis for Today, Thursday (08-08-2024)
Check SELL Opportunity for XAUUSD! Symmetrical Triangle Spotted!
XAUUSD Analysis
Market Monitors Geopolitical Conditions
Gold prices remain relatively stable, although they rose slightly during the Asian session as the market monitors geopolitical conditions in the Middle East. Today, the market awaits the announcement of the US weekly jobless claims data, expected to improve from 249 thousand to 241 thousand.
Symmetrical Triangle Pattern
A symmetrical triangle pattern is visible on the H1 time frame, with a pullback occurring to the lower line area. Selling opportunities can be sought in that lower line area.
Prediction: WEAK XAUUSD
Resistance
- R1 2480.00
- R2 2460.00
- R3 2440.00
- R4 2420.00
Support
- S1 2411.09
- S2 2365.46
- S3 2342.37
- S4 2320.50
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