XAUUSD Forex Analysis for Today – Friday (10-11-2023)





XAUUSD Forex Analysis for Today – Friday (10-11-2023)

XAUUSD Forex Analysis for Today – Friday (10-11-2023)

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XAUUSD Correction, Bearish Outlook Still Looming

XAUUSD Analysis – The strengthening US dollar has the potential to press XAUUSD after a recent correction.

Today’s Trading Strategy:

There is an opportunity to SELL XAUUSD today as long as it does not break above the range of 1967.97 – 1973.00, with the potential to decline to the range of 1946.15 – 1943.94.

Alternatively:

A breakthrough of the resistance area 1967.97 – 1973.00 has the potential to push XAUUSD up to the range of 1992.52 – 1986.76.

Resistance

  • R1 1973.00
  • R2 1986.76
  • R3 2011.06

Support

  • S1 1943.94
  • S2 1918.71
  • S3 1907.71


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