XAUUSD Forex Analysis for Today, Monday (08-01-2024)
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Stay Vigilant! Equal Potential for Selling and Buying Gold!
XAUUSD Analysis – The price of gold has shown significant volatility following last Friday’s US NFP data announcement. The opportunities for both buying and selling are equally significant today.
Today’s Trading Strategy:
- SELL in the range of 2044.90-2048.00
- Target: 2040.00-2036.00
Alternatives:
- Place a BUY STOP @2052.00
- Target: 2060.00-2064.00
Resistance Levels:
- R1: 2052.00
- R2: 2060.00
- R3: 2064.00
Support Levels:
- S1: 2043.93
- S2: 2052.32
- S3: 2038.75
- S4: 2030.36
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