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XAUUSD Continues its Uptrend, Looking for Buy Opportunities

Analysis of XAUUSD – XAUUSD experienced a correction after briefly surpassing the key level of $2000.

Today’s Trading Strategy:

Opportunity to BUY XAUUSD today as long as it doesn’t breach the lower area of 1987.74 – 1980.84, with the potential to rise towards the range of 2004.93 – 2011.11.

An Alternative scenario:

A breakthrough of the support area of 1987.74 – 1980.84 will pressure XAUUSD towards the range of 1967.72 – 1963.98.

Resistance

• R1 2011.11
• R2 2029.08
• R3 2034.76

Support

• S1 1980.84
• S2 1963.98
• S3 1942.45

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