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