XAUUSD Forex Analysis for Today – Thursday (28-09-2023)
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XAUUSD Under Pressure Heading Towards the 1850s Level
XAUUSD Analysis – XAUUSD continues to face selling pressure, with XAUUSD declining towards the support area of 1873.63 – 1867.91.
Today’s Trading Strategy:
There is a potential to SELL XAUUSD today if it breaks below the support zone of 1873.63 – 1867.91, with the potential to drop to the range of 1853.13 – 1843.82.
Alternatives:
If the support area of 1873.63 – 1867.91 fails to be breached, it could potentially drive XAUUSD up towards the area of 1904.56 – 1898.84.
Resistance Levels:
- R1: 1898.84
- R2: 1929.54
- R3: 1948.42
Support Levels:
- S1: 1867.91
- S2: 1843.82
- S3: 1833.20
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