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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