XAUUSD Forex Analysis for Today, Thursday (21-12-2023)





XAUUSD Forex Analysis for Today, Thursday (21-12-2023)

XAUUSD Stalls at Trendline, Potential Rebound

XAUUSD Analysis – There’s potential for a rebound in XAUUSD as the price is held by the trendline on the H1 timeframe chart. Be cautious if the trendline is successfully breached.

Today’s Trading Strategy:

  • BUY in the Range of 2032.00 – 2029.00
  • Target: 2044.00 – 2047.00
  • Alternative:
    • SELL STOP @2029.00
    • Target: 2022.00 – 2018.00

Resistance Levels

  • R1 2029.00
  • R2 2022.00
  • R3 2018.00

Support Levels

  • S1 2032.00
  • S2 2029.00
  • S3 2044.00
  • S4 2047.00


JustMarkets

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness is not responsible for any losses that may arise from the use of this analysis.

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