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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