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.

Prediction: STRONG XAUUSD

  • 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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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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