XAUUSD Forex Analysis for Today, Tuesday (09-01-2024)

XAUUSD Forex Analysis for Today, Tuesday (09-01-2024)

XAUUSD Forex Analysis for Today, Tuesday (09-01-2024)

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Gold: Seize Selling Opportunity if Break Below 2024

XAUUSD Analysis – The price of gold seems to be continuing under pressure. A pullback occurred towards the resistance area but was again pressured with the appearance of a dark cloud on the H1 timeframe. Consider selling if it breaks the support.

Today’s Trading Strategy:

  • Place a SELL STOP @2024.00
  • Target: 2020.00-2017.00


  • Set a BUY STOP @2038.00
  • Target: 2044.00-2048.00

Resistance Levels:

  • R1: 2038.00
  • R2: 2044.00
  • R3: 2048.00

Support Levels:

  • S1: 2024.00
  • S2: 2020.00
  • S3: 2017.00

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.

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