XAUUSD Forex Analysis for Today, Friday (24-11-2023)

XAUUSD Analysis for Today, Friday (24-11-2023)

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XAUUSD Consolidation, Focus on Support Resistance

XAUUSD Analysis – XAUUSD is currently in a consolidation phase, watch for breakthroughs in support and resistance levels.

Today’s Trading Strategy:

Consider a BUY opportunity for XAUUSD if it breaks above the range of 2004.39 – 2011.11, with potential upward movement towards the range of 2022.18 – 2029.08.

Alternatives:

If there’s a breakthrough below the support area of 1988.20 – 1985.34, it may push XAUUSD down towards the range of 1967.72 – 1963.98.

Resistance Levels:

R1: 2011.11
R2: 2029.08
R3: 2034.76

Support Levels:

S1: 1985.34
S2: 1963.98
S3: 1954.00