XAUUSD Forex Analysis for Today, Wednesday(17-04-2024)

XAUUSD Forex Analysis for Today, Wednesday(17-04-2024)

XAUUSD Forex Analysis for Today, Wednesday(17-04-2024)

Check Potential Buying Opportunities in XAUUSD Now! Support Holding, Prepare for a Pullback!

Daily Analysis XAUUSD

Geopolitical Tensions Still Ongoing

Israel has announced its intention to respond to drone attacks launched into the country. Geopolitical tensions in the Middle East continue. Market participants seek refuge through safe-haven instruments, keeping gold prices buoyant.

Breaking Previous Resistance

Prices have broken through previous resistance and have become a new support area on the H1 timeframe. Buying opportunities are available at the nearest support area as confirmation of the uptrend continuation.



  • R1 2380.16
  • R2 2365.94
  • R3 2393.45
  • R4 2400.48


  • S1 2365.94
  • S2 2380.16
  • S3 2357.34
  • S4 2348.59

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