XAUUSD Forex Analysis for Today, Thursday(18-04-2024)

XAUUSD Forex Analysis for Today, Thursday(18-04-2024)

XAUUSD Forex Analysis for Today, Thursday(18-04-2024)

Check Buying Opportunities in XAUUSD NOW! Prices Corrected to Support

Daily Analysis of XAUUSD

Geopolitical Conditions Still Support Gold

Gold prices corrected last night, influenced by reduced expectations of a near-term Fed rate cut. Powell issued a statement indicating that interest rates may need to be kept slightly longer. However, geopolitical conditions in the Middle East amid the Iran versus Israel conflict are still holding back gold price declines.

Prices Corrected to Support

Prices corrected to the support area. Monitor this support area to seek confirmation of a buying signal.

Prediction: STRONG XAUUSD

Resistance

  • R1 2358.58
  • R2 2351.51
  • R3 2384.80
  • R4 2395.10

Support

  • S1 2351.51
  • S2 2358.58
  • S3 2340.90
  • S4 2330.89
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