XAUUSD Forex Analysis for Today – Monday (25-09-2023)
www.forexeducation.forexsahara.comXAUUSD Encounters Resistance, Potential Downward Movement
Analysis of XAUUSD – The strengthening of the US dollar is influencing the movement of XAUUSD, where XAUUSD has the potential to decline towards the support area of 1915.83 – 1912.76.
Today’s Trading Strategy:
There is a potential to SELL XAUUSD today as long as it doesn’t break above the area of 1928.58 – 1931.65, with the potential to decline to the area of 1915.83 – 1912.76.
Alternative:
A breakthrough of the resistance area at 1928.58 – 1931.65 has the potential to push XAUUSD up to the area of 1945.96 – 1948.42.
Resistance Levels
- R1: 1931.65
- R2: 1948.42
- R3: 1955.46
Support Levels
- S1: 1912.76
- S2: 1899.69
- S3: 1888.88
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