XAUUSD Forex Analysis for Today, Thursday (05-10-2023)
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XAUUSD Sideways, Pay Attention to Support and Resistance
Analysis of XAUUSD – Ahead of crucial data from the US influencing the XAUUSD movement. XAUUSD is currently moving sideways.
Today’s Trading Strategy:
There is a possibility to SELL XAUUSD today if it breaks below the 1818.12 – 1814.11 area, with the potential to decline towards the 1797.64 – 1787.96 range.
Alternatively, a breakthrough above the resistance area of 1828.16 – 1834.62 could potentially push XAUUSD up to the 1837.13 – 1843.80 range.
Resistance Levels:
- R1 1834.62
- R2 1843.80
- R3 1862.73
Support Levels:
- S1 1814.11
- S2 1787.96
- S3 1777.70
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