XAUUSD Reverses Downward, Watch for Breakout

XAUUSD Analysis – The strengthening of the US dollar is once again pressuring XAUUSD after a temporary rally; currently, XAUUSD is consolidating its movement.

Today’s Trading Strategy:

• BUY STOP @2048.14
• Target: 2065.53 – 2079.58
• Alternative:
• SELL STOP @2020.03
• Target: 2000.00 – 1995.60

Resistance Levels

• R1 2020.03
• R2 2000.00
• R3 1995.60

Support Levels

• S1 2048.14
• S2 2065.53
• S3 2079.58

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