XAUUSD Forex Analysis for Today – Monday (04-03-2024)
XAUUSD Soaring! Look for BUY Opportunities Again
Daily Analysis XAUUSD
Market Confident Fed Will Cut Rates in June
Gold prices have risen to a two-month high after slowing U.S. economic data strengthens the belief that the Fed will cut interest rates in June.
Very Strong Bullish Bias
Prices are moving in a very strong bullish bias. Look for buying opportunities again if there is a correction to the support area.
Prediction: STRONG GOLD
Resistance Levels
- R1: 2057.37
- R2: 2033.51
- R3: 2065.19
- R4: 2081.63
Support Levels
- S1: 2033.51
- S2: 2057.37
- S3: 2027.21
- S4: 2010.87
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