XAUUSD Forex Analysis for Today, Tuesday (19-12-2023)

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XAUUSD Potential Downward Movement, Seek Selling Confirmation

Analyzing XAUUSD – Strengthening of the US dollar is impacting XAUUSD, indicating potential downward movement in price today.

Today’s Trading Strategy:

• SELL in the Range of 2030.22 – 2047.96
• Targets: 2019.25 – 2001.52
• Alternatives:
• BUY STOP @2047.96
• Targets: 2055.67 – 2062.77

Resistance Levels

• R1: 2047.96
• R2: 2055.67
• R3: 2062.77

Support Levels

• S1: 2030.22
• S2: 2047.96
• S3: 2019.25
• S4: 2001.52

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