XAUUSD Forex Analysis for Today, Friday (07-06-2024)
Targeting BUY XAUUSD Again! Rebound Testing Resistance
Analysis of XAUUSD
US Jobless Claims Increase
Gold prices surged to a two-week high after weaker US jobless claims data revived hopes for an interest rate cut this year. Today, the market will focus on the US non-farm payrolls data.
Buy If Resistance Breaks
XAUUSD rebounded and is retesting the resistance area. Buying opportunities can be considered if there is a breakout above this resistance area.
Forecast: STRONG XAUUSD
Resistance Levels
- R1 2379.30
- R2 2367.45
- R3 2387.30
- R4 2393.30
Support Levels
- S1 2352.06
- S2 2361.93
- S3 2342.10
- S4 2337.10
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