XAUUSD Market Analysis for Today
Date: Friday, November 17, 2023
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XAUUSD Soaring, Heading Towards the $2000 Level
Analysis of XAUUSD – XAUUSD continues its ascent amid the decline in US bond yields, targeting the $2000 level.
Today’s Trading Strategy:
Opportunity to BUY XAUUSD today as long as it doesn’t drop below the range of 1974.39 – 1967.39, with potential upside towards the area of 2004.93 – 2011.11.
Alternatives:
A breach of the support area between 1974.39 – 1967.39 could push XAUUSD down towards the area of 1957.59 – 1954.00.
Resistance Levels:
- R1: 2011.11
- R2: 2025.20
- R3: 2033.76
Support Levels:
- S1: 1967.39
- S2: 1954.00
- S3: 1942.45
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