XAUUSD Forex Analysis for Today, Monday (06-11-2023)
onlineforexafrica.comXAUUSD Correction, Watch the Support Area
XAUUSD Analysis – The weakening of the US dollar following NFP is affecting the movement of XAUUSD. XAUUSD is rebounding towards the resistance area.
Today’s Trading Strategy:
There is a BUY opportunity for XAUUSD today as long as it does not break below the range of 1981.04 – 1977.51, with the potential to rise towards the range of 2004.93 – 2011.11.
Alternative:
A breakthrough of the support area 1981.04 – 1977.51 has the potential to push XAUUSD down to the range of 1967.32 – 1960.87.
Resistance
- R1: 2011.11
- R2: 2026.89
- R3: 2034.22
Support
- S1: 1977.51
- S2: 1960.87
- S3: 1951.91
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