Bullish Trends Accompanying XAUUSD, Observe Resistance Area
XAUUSD Analysis – XAUUSD continues its upward momentum, and currently, the price is attempting to break through the resistance area.
Today’s Trading Strategy: There is a buying opportunity for XAUUSD today if it breaks above the range of 1976.07 – 1982.75, with the potential to rise to the range of 1997.78 – 2007.00.
Alternative: If the resistance area of 1976.07 – 1982.75 doesn’t break, it has the potential to push XAUUSD down to the area of 1949.79 – 1943.13.
Resistance
- R1: 1982.75
- R2: 2007.00
- R3: 2014.77
Support
- S1: 1943.13
- S2: 1927.26
- S3: 1907.06
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