XAUUSD Consolidation, Bullish Sentiment Still Prevails

XAUUSD Analysis – XAUUSD is consolidating amid the halt in the US dollar’s decline ahead of significant US data releases, with bullish sentiment still dominating XAUUSD.

Today’s Trading Strategy:

• Place BUY STOP @2052.86
• Target: 2064.34 – 2071.34
• Alternatives:
• Place SELL STOP @2033.39
• Target: 2020.00 – 2014.84

Resistance Levels:

• R1 2050.01
• R2 2052.86
• R3 2071.34

Support Levels:

• S1 2020.00
• S2 2008.98
• S3 1988.20