XAUUSD Forex Analysis for Today – Monday (29-04-2024)
Prepare to SELL XAUUSD, Potential Head and Shoulders Pattern
XAUUSD Daily Analysis
Geopolitical Tensions Ease, Market Focuses on US Data
Easing geopolitical tensions have reduced the appeal of gold, while the market is nearly certain that the Fed will maintain interest rates at this week’s meeting, supported by high inflation data.
Potential Head and Shoulders Pattern
There is a potential head and shoulders pattern on the H1 timeframe. Sell opportunities can be sought if there is a breakthrough below the neckline area.
Prediction: WEAK XAUUSD
Resistance Levels
- R1: 2353.66
- R2: 2326.02
- R3: 2363.04
- R4: 2372.94
Support Levels
- S1: 2326.02
- S2: 2353.66
- S3: 2319.37
- S4: 2304.70
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