XAUUSD Forex Analysis for Today – Tuesday (13-02-2024)
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XAUUSD Breaks Trendline, Getting Ready to SELL
Daily Analysis on XAUUSD
Gold Pressured Ahead of US CPI Data
Gold prices were under pressure again yesterday as the market awaits US CPI data today. This data is monitored to gain insight into the Fed’s monetary policy direction.
Breaking the Trendline Again
Gold prices broke the trendline seen on the H1 time frame. A pullback occurred to the resistance area, which can be utilized to seek confirmation of sell signals.
Prediction: WEAK GOLD
Resistance
- R1 2036.80
- R2 2024.14
- R3 2044.11
- R4 2051.43
Support
- S1 2024.14
- S2 2036.80
- S3 2017.13
- S3 2009.44
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