XAUUSD Forex Analysis for Today, Monday (15-07-2024)
Check BUY Opportunity for XAUUSD: Potential Symmetrical Triangle Pattern Again
Analysis XAUUSD
Fed Rate Expectations Boost Gold
Gold prices are still moving above the $2,400 per troy ounce area, supported by market expectations that the Fed will cut interest rates this year.
Potential Symmetrical Triangle Pattern Again
The potential for a symmetrical triangle pattern is visible again on the H1 time frame. Buying opportunities can be taken if a breakout occurs above the upper line, confirming the pattern.
Forecast: STRONG XAUUSD
Resistance
- R1 2390.13
- R2 2444.13
- R3 2468.35
- R4 2489.62
Support
- S1 2360.00
- S2 2380.00
- S3 2400.00
- S4 2420.00
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