XAUUSD Forex Analysis for Today, Tuesday(02-04-2024)

XAUUSD Forex Analysis for Today, Tuesday(02-04-2024)

XAUUSD Forex Analysis for Today, Tuesday(02-04-2024)

Opportunity to SELL XAUUSD Now! Prices Corrected to the Gap Area

Daily Analysis XAUUSD

Strength of the Dollar, Manufacturing Sector Grows

The dollar strengthened on Monday amid news that the US manufacturing sector grew in March for the first time since September 2022. ISM information shows that inflation does not always decline, supporting the strengthening of the dollar and suppressing gold prices.

Stuck at Resistance, Aim for Correction to the Gap Area

The price failed to break the new high and remained stuck at the resistance area on the H4 timeframe. Aim for a correction to the gap area to continue its downward trend.

Prediction: WEAK XAUUSD


  • R1 2265.20
  • R2 2255.79
  • R3 2272.89
  • R4 2280.49


  • S1 2255.79
  • S2 2265.20
  • S3 2241.54
  • S4 2235.62

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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