XAUUSD Forex Analysis – Tuesday(12-03-2024)

XAUUSD Forex Analysis – Tuesday(12-03-2024)

XAUUSD Forex Analysis for Today – Tuesday(12-03-2024)

Targeting BUY Opportunities, Monitor Break Resistance

Daily XAUUSD Analysis

The gold price remains stable, moving near the all-time high record. The market is still awaiting US inflation data that could provide clarity on the direction of the Fed interest rates.

Still in Uptrend

Overall, the gold price is still moving in an uptrend. A breakthrough above the resistance area will open up buying opportunities again.

Prediction: STRONG GOLD

Resistance Levels

  • R1 2197.71
  • R2 2183.18
  • R3 2204.85
  • R4 2214.02

Support Levels

  • S1 2143.10
  • S2 2166.74
  • S3 2133.23
  • S4 2110.42
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