XAUUSD Forex Analysis for Today, Wednesday (27-12-2023)

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XAUUSD Testing Resistance, Watch for Breakout

Analysis of XAUUSD – XAUUSD has the potential to rise again. From the H1 timeframe chart, an ascending triangle has formed, and XAUUSD is attempting to break the resistance.

Today’s Trading Strategy:

• BUY STOP @ 2071.00
• Target: 2080.00 – 2088.00
• Alternatives:
• SELL in the Area @2065.00 – 2070.00
• Target: 2056.00 – 2048.00

Resistance Levels

• R1 2071.00
• R2 2080.00
• R3 2088.00

Support Levels

• S1 2065.00
• S2 2070.00
• S3 2056.00
• S4 2048.00

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