XAUUSD Forex Analysis for Today, Friday (13-10-2023)
XAUUSD Correction, Observe the Support Area
Analysis of XAUUSD – The strengthening of the US dollar is influencing the movement of XAUUSD. Currently, the price is correcting towards the support area of 1857.12 – 1851.65.
Today’s Trading Strategy:
There is a potential opportunity to BUY XAUUSD today as long as it does not break below the range of 1857.12 – 1851.65, with the potential to rise towards the range of 1882.76 – 1886.27.
Alternative Scenario:
If the support area of 1857.12 – 1851.65 is breached, it may potentially push XAUUSD down to the range of 1932.28 – 1826.94.
Resistance Levels:
- R1: 1886.27
- R2: 1916.16
- R3: 1930.10
Support Levels:
- S1: 1851.65
- S2: 1826.94
- S3: 1809.28
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