XAUUSD Forex Analysis – Monday(18-03-2024)

XAUUSD Forex Analysis – Monday(18-03-2024)

XAUUSD Forex Analysis for Today – Monday(18-03-2024)

Selling Opportunity in XAUUSD Today, Triangle Pattern Broken!

Daily Analysis XAUUSD

Market anticipates dot plot changes, Gold correction

The Fed is expected to strongly not cut interest rates at this week’s meeting, while the market anticipates the release of the dot plot or Fed’s projection on interest rates for each quarter, causing gold prices to correct.

Breakout of triangle pattern

There is a breakout of the triangle pattern and also the support area on the H4 time frame. Wait for correction to find selling opportunities at the latest resistance area.

Prediction: WEAK GOLD


  • R1 2170.22
  • R2 2157.77
  • R3 2177.89
  • R4 2185.35


  • S1 2157.77
  • S2 2170.22
  • S3 2146.39
  • S4 2140.24

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