XAUUSD Forex Analysis for Today, Monday (20-11-2023)
onlineforexafrica.comXAUUSD Correction, Getting Ready to Rise Again
Assessing XAUUSD – XAUUSD is moving with a bullish bias, heading towards the key level of $2000.
Today’s Trading Strategy:
Opportunity to BUY XAUUSD today as long as it doesn’t break below the range of 1957.59 – 1954.00, with potential gains towards the range of 2004.93 – 2011.11.
Alternative scenario: A breach of the support area of 1957.59 – 1954.00 could push XAUUSD down towards the range of 1945.39 – 1942.45.
Resistance Levels
- R1 2011.11
- R2 2025.20
- R3 2033.76
Support Levels
- S1 1954.00
- S2 1942.45
- S3 1927.06
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