XAUUSD Forex Analysis for Today, Monday(27-05-2024)
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XAUUSD Still Under Pressure, Sell If Support Breaks
XAUUSD Analysis
USD Strengthens Due to Fed Sentiment
USD strengthened last week due to sentiment that the Fed will hold interest rates at higher levels for a little longer.
Sell Opportunities If Support Breaks
Gold prices continue to be under pressure and are testing the support area. Sell opportunities can be sought again if there is a break below the support.
Forecast: WEAK XAUUSD
Resistance Levels:
- R1 2379.73
- R2 2352.98
- R3 2397.04
- R4 2409.14
Support Levels:
- S1 2325.25
- S2 2352.98
- S3 2307.76
- S4 2292.70
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