XAUUSD Rally, Seeking Buy Confirmation

Analysis of XAUUSD – The weakening of the US dollar post the Fed meeting is propelling XAUUSD, indicating potential for its upward continuation today.

Today’s Trading Strategy:

• Buy in the Range of 2020.00 – 2014.30
• Target: 2025.62 – 2040.04

Alternative:

• Set Sell Stop @2006.35
• Target: 1998.41 – 1988.57

Resistance Levels

• R1: 2006.35
• R2: 1998.41
• R3: 1988.57

Support Levels

• S1: 2020.00
• S2: 2014.30
• S3: 2025.62
• S4: 2040.04

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