XAUUSD Forex Analysis for Today

XAUUSD Decline Held at Support Area, Potential Rebound

XAUUSD Analysis – The decline in XAUUSD is held at the support area with the potential for a rebound.

Today’s Trading Strategy:

There is a buying opportunity for XAUUSD today as long as it doesn’t break below the range of 1945.62 – 1940.43, with the potential to rise towards the range of 1967.97 – 1973.00.

Alternatives:

If the support area of 1945.62 – 1940.43 is breached, it may push XAUUSD down to the range of 1926.24 – 1921.64.

Resistance

• R1: 1973.00
• R2: 1986.76
• R3: 2011.06

Support

• S1: 1940.43
• S2: 1921.64
• S3: 1907.71

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