XAUUSD Analysis: Bullish Bias Accompanies XAUUSD
XAUUSD Analysis – The demand for safe-haven assets is influencing the movement of XAUUSD, and currently, the price is heading towards the resistance area.
Today’s Trading Strategy:
There is an opportunity to BUY XAUUSD today as long as it does not break below the range of 1905.35 – 1897.47, with the potential to rise to the area of 1945.96 – 1948.47.
Alternatives:
A breakthrough below the support area of 1905.35 – 1897.47 has the potential to push XAUUSD down to the area of 1868.97 – 1866.51.
Resistance Levels
- R1: 1948.47
- R2: 1957.20
- R3: 1977.12
Support Levels
- S1: 1897.47
- S2: 1866.51
- S3: 1851.65
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