XAUUSD Forex Analysis for Today – Friday (16-02-2024)
XAUUSD Held at Resistance, Still Opportunities for SELL
Daily Analysis XAUUSD
Dollar Weakens After Retail Sales Data
Gold prices strengthened last night after US retail sales data fell lower than expected in January. Retail sales data recorded -0.8%, down from the previous data of 0.4%.
Monitor Resistance Area
Prices are seen held again at the resistance area and still moving below the downtrend line on the H1 time frame.
Prediction: WEAK GOLD
Resistance
- R1 2021.30
- R2 2002.18
- R3 2029.89
- R4 2036.25
Support
- S1 2002.18
- S2 2021.30
- S3 1997.96
- S4 1988.97
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