XAUUSD Forex Analysis for Today, Tuesday(09-07-2024)

XAUUSD Forex Analysis for Today, Tuesday(09-07-2024)

XAUUSD Forex Analysis for Today, Tuesday(09-07-2024)

Check BUY Opportunity for XAUUSD Now! Price Held at Trendline

XAUUSD Analysis

Risk Appetite Increases

Gold prices corrected due to a rally in the stock market and profit taking following a rally caused by expectations of a rate cut by the Fed in September. However, with the ongoing expectation of a rate cut, the gold correction is expected to be limited.

Look for Buy in Trendline Area

The price correction appears to be held at the rising trendline area observed in the H1 time frame. Buying opportunities can be found in that trendline area.



  • R1 2342.80
  • R2 2362.87
  • R3 2373.44
  • R4 2383.55


  • S1 2300.00
  • S2 2320.00
  • S3 2240.00
  • S4 2360.00

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