XAUUSD Forex Analysis for Today
XAUUSD Potential Upside, Look for Buying Confirmation
Analysis of XAUUSD – The weakening US dollar continues to influence the movement of XAUUSD. XAUUSD is once again rising towards the resistance area of 1877.39 – 1880.72.
Today’s Trading Strategy: There is a buying opportunity for XAUUSD today as long as it does not break below the support area of 1846.70 – 1842.38, with the potential to rise to the area of 1877.39 – 1880.72.
Alternative: A breakthrough below the support area of 1846.70 – 1842.38 could potentially push XAUUSD down to the area of 1819.27 – 1810.40.
Resistance Levels:
- R1: 1880.72
- R2: 1892.30
- R3: 1910.10
Support Levels:
- S1: 1842.38
- S2: 1810.40
- S3: 1809.23
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