XAUUSD forex analysis for today, Tuesday(30-01-2024)

XAUUSD forex analysis for today, Tuesday(30-01-2024)

XAUUSD Forex Analysis for Today, Tuesday(30-01-2024)

Source: https://onlineforexafrica.com

Prepare to SELL GOLD: Another Bearish Engulfing!

Daily Analysis XAUUSD

Middle East Situation and Fed Rate Prospects Influence Prices

Gold prices are volatile influenced by escalating tensions in the Middle East. At the same time, the market is still awaiting the Fed’s interest rate decision this week.

Bearish Engulfing Seen

Prices appear to be held at the resistance area. A significant bearish engulfing pattern is seen on the H1 timeframe, and prices have pulled back to the resistance area again.

Prediction: WEAK GOLD


  • R1 2040.65
  • R2 2033.70
  • R3 2043.00
  • R4 2047.65


  • S1 2034.00
  • S2 2040.65
  • S3 2032.30
  • S4 2025.35

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *