XAUUSD Forex Analysis for Today – Friday, 06-10-2023
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XAUUSD Consolidating – Watch Support and Resistance
XAUUSD analysis – XAUUSD is moving sideways ahead of the release of US labor data, trapped in the support resistance area.
Today’s Trading Strategy:
There is a selling opportunity for XAUUSD today if it breaks below the zone of 1814.53 – 1812.01, with the potential to decline towards the range of 1801.08 – 1795.30.
Alternative Scenario:
If the resistance area at 1828.69 – 1834.47 is breached, it may push XAUUSD higher towards the area of 1844.06 – 1850.19.
Resistance Levels:
- R1: 1834.47
- R2: 1850.19
- R3: 1862.73
Support Levels:
- S1: 1812.01
- S2: 1795.30
- S3: 1777.70
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