XAUUSD Forex Analysis for Today, Tuesday (27-02-2024)

XAUUSD Forex Analysis for Today, Tuesday (27-02-2024)

XAUUSD Forex Analysis for Today, Tuesday (27-02-2024)

Consolidated: XAUUSD Monitors SELL Opportunities at the Peak

Daily XAUUSD Analysis

Gold Awaits Release of US PCE and GDP Data

Gold prices fell on Monday due to concerns about higher US interest rates for an extended period. These concerns are supported by signs of high US inflation and resilience in the labor market. Spot and futures gold prices declined, with a focus on the US PCE price index data and fourth-quarter gross domestic product reading.

Monitor Resistance Area

Prices pulled back after a brief correction, and Gold is observed testing the key resistance area again. The movement tends to be sideways at the peak, and prices have the potential to range in a similar area until the release of US GDP and PCE data.

Prediction: WEAK GOLD


  • R1 2041.18
  • R2 2035.34
  • R3 2047.90
  • R4 2055.67


  • S1 2035.34
  • S2 2041.18
  • S3 2030.80
  • S4 2024.43

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *