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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