XAUUSD Forex Analysis for Today, Wednesday (05-06-2024)

XAUUSD Forex Analysis for Today, Wednesday (05-06-2024)

XAUUSD Forex Analysis for Today, Wednesday (05-06-2024)

XAUUSD Held at Support, Ready to Buy on Rebound!

Analysis of XAUUSD

US Job Openings Decline

Gold prices dropped as the USD strengthened yesterday, but the USD’s gains were limited due to a decline in US job openings compared to the previous month.

Buy If Resistance is Broken

XAUUSD is held at the support area and is rising to test resistance. Buying opportunities can be taken if there is a break above the resistance area.


Resistance Levels

  • R1 2338.06
  • R2 2312.66
  • R3 2342.98
  • R4 2351.96

Support Levels

  • S1 2312.66
  • S2 2325.48
  • S3 2305.96
  • S4 2297.57

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