XAUUSD Forex Analysis for Today
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Alert! Emergence of Inverse HNS Supporting XAUUSD Uptrend
XAUUSD Analysis: There’s a potential reversal pattern forming for XAUUSD. Based on the H1 timeframe chart, an inverse head and shoulder pattern has formed, providing support for the uptrend of XAUUSD.
Today’s Trading Strategy:
- BUY at Range 2070.00 – 2064.00
- Target: 2080.00 – 2084.00
- Alternative:
- SELL STOP @2058.00
- Target: 2048.00 – 2042.00
Resistance Levels
- R1 2058.00
- R2 2048.00
- R3 2042.00
Support Levels
- S1 2070.00
- S2 2064.00
- S3 2080.00
- S4 2084.00
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