XAUUSD Forex Analysis for Today, Wednesday(03-04-2024)
Opportunity to BUY XAUUSD Today! Targeting Corrections After Resistance Breakout
Daily Analysis XAUUSD
Gold Reaches New Record Highs
Gold reached a new record high of $2288.20 due to high demand for safe haven assets amid increasing tensions in the Middle East. As long as geopolitical tensions continue, the price of gold will continue to rise.
Breaking Resistance to New Highs
The price has broken the previous high resistance on the H4 timeframe. Target price corrections as confirmation of resistance breakout to continue its uptrend.
Prediction: STRONG XAUUSD
Resistance
- R1 2256.76
- R2 2240.41
- R3 2273.66
- R4 2281.65
Support
- S1 2240.41
- S2 2256.76
- S3 2230.42
- S4 2220.80
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