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
Alternative:
- 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
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