XAUUSD Forex Analysis for Today, Monday (23-10-2023)
XAUUSD Correction, Bullish Still Looming
XAUUSD Analysis – XAUUSD is undergoing a correction, but there is still potential for an upward movement towards the resistance area.
Today’s Trading Strategy:
There is an opportunity to BUY XAUUSD today as long as it does not break below the range of 1956.19 – 1945.54, with the potential target being the area of 1990.82 – 2000.80.
Alternative:
If there is a breakthrough below the support area of 1956.19 – 1945.54, it may potentially push XAUUSD down to the area of 1909.91 – 1907.06.
Resistance Levels:
- R1 2000.80
- R2 2016.97
- R3 2026.23
Support Levels:
- S1 1945.54
- S2 1907.06
- S3 1866.51
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