XAUUSD Consolidating Movement, Still Under Pressure

XAUUSD Analysis – The price of gold is undergoing a consolidation phase, still moving under pressure following the strengthening of the USD.

Today’s Trading Strategy:

• SELL in the range of 2059.09-2089.58
• Target: 2040.24-2009.75
• Alternative:
• BUY STOP @2090.00
• Target: 2111.27-2139.91

Resistance Levels

• R1 2090.00
• R2 2111.27
• R3 2139.91

Support Levels

• S1 2059.09
• S2 2089.58
• S3 2040.24
• S4 2009.75

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