XAUUSD Held at Support, Potential Upside
XAUUSD Analysis – XAUUSD underwent a correction and held within the support area, indicating potential for a rebound.
Today’s Trading Strategy:
Opportunity to BUY XAUUSD today unless it breaks below the range of 1987.74 – 1980.84, with potential upside towards the range of 2004.93 – 2011.11.
Alternative:
A breakout below the support area of 1987.74 – 1980.84 may push XAUUSD down towards the range of 1967.72 – 1963.98.
Resistance Levels
- R1: 2011.11
- R2: 2029.08
- R3: 2034.76
Support Levels
- S1: 1980.84
- S2: 1963.98
- S3: 1954.00
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