XAUUSD Forex Analysis for Today, Thursday(11-07-2024)

XAUUSD Forex Analysis for Today, Thursday(11-07-2024)

XAUUSD Forex Analysis for Today, Thursday(11-07-2024)

Opportunity to BUY XAUUSD! Bullish Wedge Pattern Confirmed

XAUUSD Analysis

Rate Cut Expectations Increase

Gold prices rose after a statement from Fed Chair Jerome Powell once again raised expectations that the Fed will soon cut interest rates, while the market remains awaiting inflation data for further clues.

Bullish Wedge Pattern

A bullish falling wedge pattern has been confirmed on the H1 time frame. Buying opportunities can be sought if there is a pullback near the upper line area of this pattern.



  • R1 2346.68
  • R2 2382.44
  • R3 2400.59
  • R4 2420.41


  • S1 2320.00
  • S2 2340.00
  • S3 2260.00
  • S4 2380.00

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