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XAUUSD Tests Resistance, Continues Uptrend

Analysis for XAUUSD – XAUUSD is still exhibiting a bullish trend; watch for a breakthrough of the resistance area.

Today’s Trading Strategy:

Opportunity to BUY XAUUSD if it breaks above the range of 2014.42 – 2019.10, with the potential to rise towards the range of 2020.68 – 2027.23.

Alternatively:

If the resistance area between 2014.42 – 2019.10 fails to be breached, it may push XAUUSD down towards the range of 2001.29 – 1997.71.

Resistance Levels:

• R1: 2019.10
• R2: 2027.23
• R3: 2034.76

Support Levels:

• S1: 1997.71
• S2: 1985.34
• S3: 1963.98

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