XAUUSD Held at Support, Potential Rebound

XAUUSD Analysis – The strengthening of the US dollar briefly pressed XAUUSD, but it has not yet successfully breached the support.

Today’s Trading Strategy:

There is an opportunity to BUY XAUUSD today as long as it does not break below the 1935.82 – 1930.20 area, with the potential to rise to the 1962.86 – 1966.97 area.

Alternative:

A breakthrough below the support area of 1935.82 – 1930.20 could potentially push XAUUSD down to the 1913.76 – 1911.46 area.

Resistance

• R1 1966.97
• R2 1973.00
• R3 2011.06

Support

• S1 1930.20
• S2 1911.46
• S3 1907.71