XAUUSD Forex Analysis for Today, Wednesday (26-06-2024)

XAUUSD Forex Analysis for Today, Wednesday (26-06-2024)

XAUUSD Forex Analysis for Today, Wednesday (26-06-2024)

XAUUSD Still Has SELL Potential: Bearish Flag Confirmed!

XAUUSD Analysis

Dollar Strengthens Ahead of Inflation Data

Gold prices came under pressure after CB Consumer Confidence data was released better than expected. The USD and US bond yields also strengthened as the market awaits US inflation data to be released this week. This data could provide clues about when the Fed will start cutting interest rates.

Bearish Flag Confirmed

Prices still have SELL potential after the bearish flag pattern is confirmed on the H1 time frame. SELL opportunities can be sought if a pullback occurs to the lower line area of the flag pattern.

Prediction: WEAK XAUUSD


  • R1 2360.00
  • R2 2341.14
  • R3 2325.77
  • R4 2321.19


  • S1 2341.14
  • S2 2310.35
  • S3 2296.16
  • S4 2280.66

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