XAUUSD Forex Analysis for Today, Friday (01-12-2023)

XAUUSD Forex Analysis for Today, Friday (01-12-2023)

XAUUSD Correction, Seeking Buying Opportunities

Analysis of XAUUSD – XAUUSD corrected from its 7-month high level, with bullish sentiment still overshadowing XAUUSD.

Today’s Trading Strategy:

  • BUY at Area 2032.62 – 2029.74
  • Target: 2046.71 – 2052.86
  • Alternative:
  • SELL STOP @2029.74
  • Target: 2013.42 – 2010.67

Resistance Levels:

  • R1 2046.71
  • R2 2052.86
  • R3 2029.74

Support Levels:

  • S1 2013.42
  • S2 2010.67
  • S3 2004.39
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