XAUUSD Forex Analysis for Today, Thursday (18-01-2024)

XAUUSD Forex Analysis for Today, Thursday (18-01-2024)

XAUUSD Forex Analysis for Today, Thursday (18-01-2024)

GOLD Still on a DROP: Look for SELL Opportunities Again!

Daily Analysis XAUUSD

Dollar Strength Pressures Gold Prices

US retail sales data unexpectedly strengthened, enlarging expectations that the Fed will not cut interest rates in the near future. This strengthens the dollar and pressures gold.

Breaking Support, Bearish Bias Still Strong

Gold prices break support accompanied by the emergence of a significant bearish candle. A pullback occurs, often followed by the appearance of sell signals.

Prediction: WEAK GOLD


  • R1 2033.00
  • R2 2012.00
  • R3 2040.00
  • R4 2053.00


  • S1 2012.00
  • S2 2033.00
  • S3 2000.00
  • S4 1992.00

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