XAUUSD Forex Analysis for Today
XAUUSD Decline Held at Support Area, Potential Rebound
XAUUSD Analysis – The decline in XAUUSD is held at the support area with the potential for a rebound.
Today’s Trading Strategy:
There is a buying opportunity for XAUUSD today as long as it doesn’t break below the range of 1945.62 – 1940.43, with the potential to rise towards the range of 1967.97 – 1973.00.
Alternatives:
If the support area of 1945.62 – 1940.43 is breached, it may push XAUUSD down to the range of 1926.24 – 1921.64.
Resistance
- R1: 1973.00
- R2: 1986.76
- R3: 2011.06
Support
- S1: 1940.43
- S2: 1921.64
- S3: 1907.71
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