XAUUSD Forex Analysis – Wednesday (17-01-2024)

XAUUSD Forex Analysis – Wednesday (17-01-2024)

XAUUSD Forex Analysis for Today, Wednesday (17-01-2024)

Visit the analysis page here

Prepare to SELL GOLD: Closely Monitor Support Area!

Daily Analysis XAUUSD

Gold Falls Due to Dollar Strengthening

Gold weakens as the dollar strengthens following hawkish statements from a Fed official, Christopher Weller, about interest rates this year.

Consolidation After the Drop, Watch Support

The H1 time frame shows a distribution/consolidation phase after a significant drop, indicated by two quite significant bearish candles. A breakthrough of support will strengthen the bearish bias.

Conclusion: WEAK GOLD


  • R1 2032.50
  • R2 2022.50
  • R3 2035.00
  • R4 2039.00


  • S1 2023.50
  • S2 2032.50
  • S3 2020.00
  • S4 2017.50

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *