XAUUSD Forex Analysis – Tuesday (26-12-2023)

XAUUSD Forex Analysis – Tuesday (26-12-2023)

XAUUSD Analysis for Today – Tuesday (26-12-2023)

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XAUUSD Stalled at Resistance, Potential Downside

Analysis of XAUUSD indicates the potential for a downward movement after failing to breach the resistance. A bearish engulfing candle has formed on the H1 timeframe chart.

Today’s Trading Strategy:

  • SELL in the Range of 2055.00 – 2060.00
  • Target: 2047.00 – 2034.00


  • BUY STOP @2060.00
  • Target: 2070.00 – 2090.00

Resistance Levels

  • R1: 2060.00
  • R2: 2070.00
  • R3: 2090.00

Support Levels

  • S1: 2055.00
  • S2: 2060.00
  • S3: 2047.00
  • S4: 2034.00

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

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