XAUUSD Forex Analysis – Thursday (15-02-2024)

XAUUSD Forex Analysis – Thursday (15-02-2024)

XAUUSD Forex Analysis for Today – Thursday (15-02-2024)


XAUUSD Still Under Pressure, SELL Opportunities Can Be Explored

Daily Analysis XAUUSD

US CPI Data Continues to Weigh on Gold

Gold prices remain under pressure below the psychological level of 2000 following the improved US CPI data, which makes the market believe that the Fed will not rush to cut interest rates.

Monitor Resistance Area

Currently, the price is still seen consolidating after a sharp decline last night. Also, monitor the resistance area to look for sell opportunities. A breakthrough of support is likely to trigger sell opportunities again.

Prediction: WEAK GOLD


  • R1 2002.00
  • R2 1995.33
  • R3 2005.94
  • R4 2009.34


  • S1 1995.33
  • S2 2002.00
  • S3 1988.76
  • S3 1984.26

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