XAUUSD Forex Analysis – Monday (12-02-2024)

XAUUSD Forex Analysis – Monday (12-02-2024)

XAUUSD Forex Analysis for Today – Monday (12-02-2024)

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XAUUSD Testing Support Again! BUY Opportunities!

Daily Analysis on XAUUSD

Gold Pressured by Bond Yield Increase

Gold prices were under pressure on Friday due to the increase in US Treasury bond yields, while the market awaits US inflation data this week.

Testing Support Again

Gold prices are once again testing the support area, which, when observed on the H1 time frame, is a significant support zone. Confirmation of bullish signals in the support area will increase the buying opportunities.

Prediction: STRONG GOLD


  • R1 2020.28
  • R2 2009.12
  • R3 2024.87
  • R4 2031.76


  • S1 2009.12
  • S2 2020.28
  • S3 2001.82
  • S4 1993.62

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