XAUUSD Forex Analysis for Today – Tuesday (13-02-2024)
Visit the analysis at www.forexeducation.forexsahara.com
XAUUSD Breaks Trendline, Getting Ready to SELL
Daily Analysis on XAUUSD
Gold Pressured Ahead of US CPI Data
Gold prices were under pressure again yesterday as the market awaits US CPI data today. This data is monitored to gain insight into the Fed’s monetary policy direction.
Breaking the Trendline Again
Gold prices broke the trendline seen on the H1 time frame. A pullback occurred to the resistance area, which can be utilized to seek confirmation of sell signals.
Prediction: WEAK GOLD
Resistance
- R1 2036.80
- R2 2024.14
- R3 2044.11
- R4 2051.43
Support
- S1 2024.14
- S2 2036.80
- S3 2017.13
- S3 2009.44
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. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.