XAUUSD Forex Analysis – Wednesday (08-05-2024)

XAUUSD Forex Analysis – Wednesday (08-05-2024)


Get ready to BUY! XAUUSD Held at Support!

XAUUSD Analysis

The Gaza ceasefire remains unclear. There was some optimism after Hamas accepted terms, but Israel’s rejection has clouded the ceasefire prospects. Additionally, US Treasury yields remain negative, supporting gold prices.

The correction is held at support levels. Look for buying opportunities at these support levels.



  • R1 2313.37
  • R2 2302.18
  • R3 2320.35
  • R4 2331.98


  • S1 2302.18
  • S2 2313.37
  • S3 2294.72
  • S4 2285.08

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