Unstoppable Rally in XAUUSD
XAUUSD Analysis – XAUUSD continues its rally, with the price moving in the resistance area.
Today’s Trading Strategy:
Consider BUYING XAUUSD if it breaks above the range of 2042.68 – 2047.43, with potential gains towards the zone of 2057.53 – 2063.90.
Alternatives:
If the resistance zone of 2042.68 – 2047.43 fails to be breached, it may push XAUUSD downwards towards the range of 2021.36 – 2016.40.
Resistance Levels
- R1: 2047.43
- R2: 2063.90
- R3: 2077.45
Support Levels
- S1: 2016.40
- S2: 2004.39
- S3: 1985.34
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