XAUUSD Forex Analysis – Monday (24-06-2024)

XAUUSD Forex Analysis – Monday (24-06-2024)

XAUUSD Forex Analysis for Today – Monday (24-06-2024)

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XAUUSD SELL Potential: Breaking the Trendline!

Analysis of XAUUSD

Gold Weakens Amid Dollar Strength

Gold prices weakened by more than 1 percent on Friday, pressured by the strengthening dollar and rising US government bond yields after data showed a rise in US business activity.

Monitor the Trendline Area

Prices have broken below the rising trendline seen on the M30 time frame. Selling opportunities can be explored if there is a retracement to that trendline area.


Resistance Levels

  • R1: 2360.00
  • R2: 2354.30
  • R3: 2340.00
  • R4: 2332.25

Support Levels

  • S1: 2354.50
  • S2: 2307.63
  • S3: 2288.01
  • S4: 2269.88

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

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