XAUUSD Forex Analysis for Today, Wednesday(18-10-2023)
XAUUSD Trading Sideways, with a Bullish Outlook
XAUUSD Analysis – XAUUSD is moving sideways after a rally, and the current price is attempting to break through the resistance area.
Today’s Trading Strategy:
There is an opportunity to BUY XAUUSD today if it breaks above the range of 1928.45 – 1932.78, with the potential to rise to the range of 1945.96 – 1948.47.
Alternative:
A breakthrough of the support area of 1909.91 – 1907.06 has the potential to push XAUUSD down to the range of 1892.80 – 1887.71.
Resistance Levels:
- R1: 1932.78
- R2: 1948.47
- R3: 1977.12
Support Levels:
- S1: 1907.06
- S2: 1887.71
- S3: 1866.51
