XAUUSD Forex Analysis for Today, Wednesday (13-12-2023)

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XAUUSD Held at Support, Seize the Breakout Opportunity

Analysis of XAUUSD – The strengthening of the US dollar momentarily suppressed XAUUSD, yet it failed to breach the support area.

Today’s Trading Strategy:

• SELL STOP @1976.20
• Target: 1961.20 – 1951.95

Alternative Strategy:

• BUY STOP @1996.50
• Target: 2015.40 – 2020.00

Resistance Levels

• R1: 1996.50
• R2: 2015.40
• R3: 2020.00

Support Levels

• S1: 1976.20
• S2: 1961.20
• S3: 1951.95

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