XAUUSD Forex Analysis for Today, Thursday (27-06-2024)
Check Again for SELL Opportunities on XAUUSD: Moving Below the Trendline
XAUUSD Analysis
Gold Pressured by USD Strength
The price of gold is under pressure from the strengthening USD and rising US bond yields, while the market focuses on GDP data today and US inflation data tomorrow.
Moving Below Trendline Area
Prices are still moving below the downward trendline seen in the H1 timeframe. SELL opportunities can be found in that downward trendline area.
Prediction: WEAK XAUUSD
Resistance
- R1 2360.00
- R2 2341.86
- R3 2320.00
- R4 2314.27
Support
- S1 2341.86
- S2 2286.27
- S3 2268.43
- S4 2247.50
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.