Market Analysis of XAUUSD, Wednesday 10 July 2024

2024-07-10 21:33Source:BtcDana

The market broke and closed above the recent high at 2370, therefore I think the market might continue to push upwards. However, if the price pulls back to the support level around 2360, it would present an opportunity to enter long again. My goal is resistance zone at 2385


Gold prices edged up on Wednesday, a day after Federal Reserve Chair Jerome Powell's comments suggested the case for interest rates cuts is getting stronger, while investors braced themselves for a crucial U.S. inflation report.

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