XAUUSD Forex Analysis for Today, Thursday(12-10-2023)
XAUUSD Rally Attempts to Break Resistance Area
XAUUSD Analysis – XAUUSD continues its upward momentum and is currently attempting to breach the resistance area of 1877.44 – 1880.77.
Today’s Trading Strategy:
There is a potential opportunity to BUY XAUUSD today if it breaks above the area of 1877.44 – 1880.77, with the potential to rise to the area of 1899.53 – 1919.16.
Alternatives:
A breakthrough of the support area at 1857.12 – 1851.65 could potentially push XAUUSD down to the area of 1932.28 – 1826.94.
Resistance:
- R1 1880.77
- R2 1916.16
- R3 1930.10
Support:
- S1 1851.65
- S2 1826.94
- S3 1809.28
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