XAUUSD Forex Analysis for Today, Thursday (13-06-2024)

XAUUSD Forex Analysis for Today, Thursday (13-06-2024)

XAUUSD Forex Analysis for Today, Thursday (13-06-2024)

Potential SELL XAUUSD If Support Breaks

XAUUSD Analysis

Expectations of Fed Rate Cuts Diminish

The rise in gold prices is stalled after the Fed stated they are likely to cut interest rates only once this year, emphasizing that inflation tends to increase.

Look for Sell If Support Breaks

The strengthening of XAUUSD is hindered by the resistance area. Prices are testing the support area again. Selling opportunities can be taken if there is a breakthrough below the support area.

Prediction: WEAK XAUUSD

Resistance Levels

  • R1 2346.75
  • R2 2309.32
  • R3 2359.58
  • R4 2377.05

Support Levels

  • S1 2309.32
  • S2 2346.75
  • S3 2296.92
  • S4 2285.98

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