XAUUSD Forex Analysis for Today, Monday (18-09-2023)
www.forexeducation.forexsahara.comXAUUSD Undergoes Correction From Resistance Peak
Analysis XAUUSD – the strengthening of the US dollar affects the movement of XAUUSD. Where XAUUSD is moving up towards the penetrated resistance area.
Today’s Trading Strategy:
- There is a possibility to Sell XAUUSD today if it breaks below the 1914.21 area, with potential downside towards the 1902.46 area.
Alternative:
- If the penetration of the 1914.21 area fails, it could potentially push XAUUSD up towards the 1931.07 area.
Resistance Levels:
- R1: 1928.63
- R2: 1931.07
- R3: 1946.66
Support Levels:
- S1: 1916.94
- S2: 1914.21
- S3: 1900.11
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