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XAUUSD Tests Resistance, Continues Uptrend
Analysis for XAUUSD – XAUUSD is still exhibiting a bullish trend; watch for a breakthrough of the resistance area.
Today’s Trading Strategy:
Opportunity to BUY XAUUSD if it breaks above the range of 2014.42 – 2019.10, with the potential to rise towards the range of 2020.68 – 2027.23.
Alternatively:
If the resistance area between 2014.42 – 2019.10 fails to be breached, it may push XAUUSD down towards the range of 2001.29 – 1997.71.
Resistance Levels:
- R1: 2019.10
- R2: 2027.23
- R3: 2034.76
Support Levels:
- S1: 1997.71
- S2: 1985.34
- S3: 1963.98
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