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.
Forecast: STRONG XAUUSD
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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