XAUUSD Analysis for Today
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XAUUSD Rebound, Testing Resistance Area
Analyzing XAUUSD – Amid the correction of the US dollar, XAUUSD is rebounding, attempting to breach the resistance level.
Today’s Trading Strategy:
There’s a potential BUY opportunity for XAUUSD today if it breaks above the range of 1945.57 – 1949.33, with the potential rise towards the area of 1962.86 – 1967.03.
Alternatively, if the resistance area of 1945.57 – 1949.33 fails to be breached, it could potentially push XAUUSD down towards the area of 1930.69 – 1927.06.
Resistance Levels
- R1: 1949.33
- R2: 1967.03
- R3: 1973.04
Support Levels
- S1: 1927.06
- S2: 1911.51
- S3: 1907.01
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