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XAUUSD Moves Upward Towards Resistance Area

XAUUSD Analysis – XAUUSD rebounds upwards after failing to break the support. XAUUSD has the potential to rise towards the resistance area of 1877.44 – 1880.77.

Today’s Trading Strategy:

There is a buying opportunity for XAUUSD today as long as it does not break below the area of 1838.78 – 1830.52, with the potential to rise to the area of 1877.44 – 1880.77.

Alternative:

If the support area of 1838.78 – 1830.52 is breached, it may potentially push XAUUSD down to the area of 1819.27 – 1810.40.

Resistance

• R1 1880.77
• R2 1916.16
• R3 1929.59

Support

• S1 1830.52
• S2 1810.40
• S3 1782.62

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