XAUUSD Forex Analysis for Today, Tuesday (09-01-2024)
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Gold: Seize Selling Opportunity if Break Below 2024
XAUUSD Analysis – The price of gold seems to be continuing under pressure. A pullback occurred towards the resistance area but was again pressured with the appearance of a dark cloud on the H1 timeframe. Consider selling if it breaks the support.
Today’s Trading Strategy:
- Place a SELL STOP @2024.00
- Target: 2020.00-2017.00
Alternatives:
- Set a BUY STOP @2038.00
- Target: 2044.00-2048.00
Resistance Levels:
- R1: 2038.00
- R2: 2044.00
- R3: 2048.00
Support Levels:
- S1: 2024.00
- S2: 2020.00
- S3: 2017.00
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