XAUUSD Forex Analysis for Today – Monday (11-09-2023)
XAUUSD Consolidation, Bearish Outlook
Analysis of XAUUSD – The strengthening of the US dollar is influencing the movement of XAUUSD. XAUUSD is currently trending downwards but is still held within the support range of 1917.61 – 1912.01.
Today’s Trading Strategy:
There is a potential opportunity to sell XAUUSD today if it breaks below the range of 1917.61 – 1912.01, with the potential for a further decline towards the range of 1905.58 – 1900.00.
Alternative Scenario:
If the resistance level at 1927.89 – 1930.50 is breached, it may push XAUUSD higher towards the range of 1945.16 – 1946.66.
Resistance Levels:
- R1: 1930.50
- R2: 1946.66
- R3: 1955.51
Support Levels:
- S1: 1912.01
- S2: 1900.00
- S3: 1888.70
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast