XAUUSD Forex Analysis for Today, Tuesday(21-11-2023)

XAUUSD Forex Analysis for Today, Tuesday(21-11-2023)

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XAUUSD Held at Support, Time to Buy

XAUUSD Analysis – XAUUSD corrected and held at the support area, potential for a rebound

Today’s Trading Strategy:

Opportunity to BUY XAUUSD today as long as it doesn’t breach below the range of 1969.34 – 1964.83, potential rise towards the range of 1991.72 – 1994.06

Alternatives:

If there’s a breakthrough below the support area of 1969.34 – 1964.83, it might push XAUUSD down towards the area of 1957.59 – 1954.00

Resistance

  • R1: 1994.06
  • R2: 2011.11
  • R3: 2025.76

Support

  • S1: 1964.83
  • S2: 1954.00
  • S3: 1942.45
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