XAUUSD Forex Analysis – Friday (02-02-2024)

XAUUSD Forex Analysis – Friday (02-02-2024)

XAUUSD Forex Analysis for Today, Friday (02-02-2024)

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GOLD SOARING! Look for Another BUY Opportunity at Support Area

Daily XAUUSD Analysis

Market Focus on US NFP Data

Gold surged to its highest level in a month last night after US unemployment claims data showed an increase. The market’s focus is now shifting to US non-farm payrolls data tonight.

Monitor Corrections to the Support Area

Prices are again moving above the uptrend line and the rally is entering a consolidation phase. Watch the support area for another buy signal if corrections occur to that area.

Prediction: STRONG GOLD


  • R1: 2052.12
  • R2: 2039.81
  • R3: 2055.69
  • R4: 2064.91


  • S1: 2039.81
  • S2: 2052.12
  • S3: 2032.64
  • S4: 2028.98

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