XAUUSD Breaks Psychological Level of 2000
XAUUSD Analysis – Increasing demand for a safe haven is influencing the movement of XAUUSD. XAUUSD has the potential to continue rising towards the resistance area.
Today’s Trading Strategy:
There is a buying opportunity for XAUUSD today as long as it doesn’t break below the area of 1996.58 – 1989.95, with the potential to rise to the area of 2022.60 – 2030.89.
Alternative:
If there is a breakthrough below the support area of 1996.58 – 1989.95, it has the potential to push XAUUSD down to the area of 1974.92 – 1970.04.
Resistance Levels:
- R1: 2010.17
- R2: 2022.60
- R3: 2030.89
Support Levels:
- S1: 1989.95
- S2: 1970.04
- S3: 1960.87
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