XAUUSD Forex Analysis Today – Friday(01-03-2024)

XAUUSD Forex Analysis Today – Friday(01-03-2024)

XAUUSD Forex Analysis Today – Friday(01-03-2024)

Look for BUY Opportunities in XAUUSD, a Wedge Pattern is Present

Daily Analysis of XAUUSD

US PCE Data Boosts Gold Prices

Gold prices strengthened yesterday after US PCE data matched market expectations, and market participants returned their focus to comments from Fed officials to seek clues about interest rate cuts.

Bullish Falling Wedge Pattern

The bullish falling wedge pattern is confirmed on the H1 time frame. Corrections are occurring near the support area. Look for confirmation of buy signals in that support area.

Prediction: STRONG GOLD


  • R1 2041.45
  • R2 2042.44
  • R3 2046.85
  • R4 2050.66


  • S1 2042.44
  • S2 2041.45
  • S3 2028.02
  • S4 2023.05

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