XAUUSD Forex Analysis – Monday (04-12-2023)





XAUUSD Forex Analysis – Monday (04-12-2023)

XAUUSD Rally, Breaking Key Level at 2100

XAUUSD Analysis – The weakening of the US dollar is propelling XAUUSD to continue its rally, currently pushing XAUUSD above the psychological level of 2100.

Today’s Trading Strategy:

  • BUY in the Range of 2098.37 – 2073.49
  • Target: 2113.75 – 2138.63
  • Alternative:
    • SELL STOP @2073.49
    • Target: 2055.78 – 2033.23

Resistance

  • R1 2073.49
  • R2 2055.78
  • R3 2033.23

Support

  • S1 2098.37
  • S2 2073.49
  • S3 2113.75
  • S4 2138.63


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