XAUUSD Forex Analysis for Today, Tuesday (07-11-2023)
XAUUSD Under Pressure, Pay Attention to Support Area
XAUUSD analysis: The increase in bond yields has an impact on XAUUSD, where XAUUSD is decreasing towards the support area.
Today’s Trading Strategy:
There is a potential opportunity to BUY XAUUSD today as long as it doesn’t break below the range of 1967.27 – 1960.82, with the potential to rise towards the range of 1988.55 – 1992.28.
Alternative Scenario:
If the support area of 1967.27 – 1960.82 is breached, it may push XAUUSD down to the range of 1956.13 – 1951.87.
Resistance Levels
- R1: 1992.28
- R2: 2011.06
- R3: 2026.23
Support Levels
- S1: 1960.82
- S2: 1951.87
- S3: 1944.51
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