XAUUSD Forex Analysis for Today, Friday (02-02-2024)
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
Resistance
- R1: 2052.12
- R2: 2039.81
- R3: 2055.69
- R4: 2064.91
Support
- S1: 2039.81
- S2: 2052.12
- S3: 2032.64
- S4: 2028.98
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