XAUUSD Forex Analysis for Today, Wednesday(28-02-2024)

XAUUSD Forex Analysis for Today, Wednesday(28-02-2024)

XAUUSD Forex Analysis for Today, Wednesday(28-02-2024)

Successfully Corrected, Gold SELL Again at the Peak

Daily Analysis XAUUSD

Sideways Ahead of US GDP

Gold prices remain in a similar range, with higher prospects of US interest rates being a bad sign for precious metals. Futures gold briefly rose, but still within a tight resistance range. Key US economic data, such as today’s GDP release, is expected to provide further trading signals.

Monitor Resistance Area

Prices successfully corrected after being hindered in the same area, indicating that Gold is likely to move tightly in a similar peak area. Maximize bounce trade opportunities in the ranging area of 2028 – 2038 ahead of today’s GDP data release.

Prediction: WEAK GOLD


  • R1 2041.18
  • R2 2035.34
  • R3 2047.90
  • R4 2055.67


  • S1 2036.72
  • S2 2041.18
  • S3 2030.80
  • S4 2024.43

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