XAUUSD Potential Downside, Seeking Selling Opportunities

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XAUUSD Analysis – Strengthening of the US dollar post NFP is once again pressuring XAUUSD, selling opportunities could be considered today.

Today’s Trading Strategy:

SELL in the Range of 2012.76 – 2017.90

Target: 2006.40 – 1996.12

Alternative:

BUY STOP @2023.04

Target: 2030.35 – 2039.67

Resistance

• R1 2023.04
• R2 2030.35
• R3 2039.67

Support

• S1 2012.76
• S2 2017.90
• S3 2006.40
• S4 1996.12

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