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
Resistance
- R1 2265.20
- R2 2255.79
- R3 2272.89
- R4 2280.49
Support
- S1 2255.79
- S2 2265.20
- S3 2241.54
- S4 2235.62
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