XAUUSD Forex Analysis for Today, Friday (27-10-2023)
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Bullish Bias in XAUUSD, Pay Attention to Resistance Area
Analysis of XAUUSD – The increasing demand for a safe haven is influencing the movement of XAUUSD, where XAUUSD is once again heading up towards the resistance area.
Today’s Trading Strategy:
There is an opportunity to BUY XAUUSD today if it breaks above the area of 1992.03 – 1998.77, with the potential to rise to the area of 2010.17 – 2017.09.
Alternatives:
If the resistance area at 1992.03 – 1998.77 fails to be breached, it has the potential to push XAUUSD down to the area of 1967.32 – 1960.87.
Resistance Levels:
- R1 1998.77
- R2 2010.17
- R3 2017.09
Support Levels:
- S1 1960.87
- S2 1951.91
- S3 1934.78
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