XAUUSD Forex Analysis for Today, Thursday (07-09-2023)
Website: www.bigrebate-fx.com
XAUUSD Under Pressure, Looking for Sell Confirmation
Analysis on XAUUSD – The strengthening of the US dollar is influencing the movement of XAUUSD. XAUUSD is moving down to test the support area of 1915.90 – 1912.01.
Today’s Trading Strategy:
There is a potential opportunity to sell XAUUSD today if it breaks below the support area of 1915.90 – 1912.01, with the potential downside target in the range of 1904.41 – 1899.48.
Alternative Scenario:
If the support area of 1915.90 – 1912.01 holds and is not breached, it may potentially push XAUUSD higher towards the range of 1926.89 – 1930.28.
Resistance Levels
- R1: 1930.28
- R2: 1946.66
- R3: 1955.51
Support Levels
- S1: 1912.01
- S2: 1898.97
- S3: 1888.70
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