XAUUSD forex analysis for today, Tuesday(04-06-2024)

XAUUSD forex analysis for today, Tuesday(04-06-2024)

XAUUSD Rises! Buy Again if Resistance Breaks

Analyze XAUUSD

Weak US Economic Data Boosts Gold Prices

Gold prices strengthened yesterday after weak US economic data reinforced expectations that the Fed will cut interest rates this year, putting pressure on the USD and boosting gold prices.

Buy on Resistance Breakout

XAUUSD is rising but is still held at the resistance area. Buying opportunities can be considered if there is a breakout above that resistance area.


  • Resistance
    • R1 2366.56
    • R2 2335.93
    • R3 2376.34
    • R4 2394.07
  • Support
    • S1 2335.93
    • S2 2366.56
    • S3 2328.66
    • S4 2314.43



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