XAUUSD Forex Analysis for Today – Thursday(14-03-2024)
Prepare to Target SELL XAUUSD Today! Monitor Resistance
Daily Analysis XAUUSD
Gold Lifted by Dollar Weakness
Gold prices rose yesterday, lifted by the weakening USD as the market still holds hopes that the Fed will cut interest rates not in June, despite high US inflation, while geopolitical tensions boost safe-haven demand.
Blocked by Resistance
Gold prices managed to rebound but are still blocked by resistance. Sell signal confirmation can be sought in that resistance area.
Prediction: WEAK GOLD
Resistance
- R1 2197.50
- R2 2184.58
- R3 2203.71
- R4 2214.05
Support
- S1 2184.58
- S2 2197.50
- S3 2176.00
- S4 2164.42
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. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.