XAUUSD Breaks Strong Resistance

Analysis of XAUUSD – The weakening of the US dollar is affecting the movement of XAUUSD. XAUUSD is moving upwards, breaking through resistance levels. Be cautious about potential corrections.

Today’s Trading Strategy:

There is a buying opportunity for XAUUSD today as long as the price does not drop below the 1921.96 level, with the potential target reaching the 1946.56 level.

Alternative:

If the price breaks below the 1921.96 level, it may lead to a decline in XAUUSD towards the 1914.21 level.

Resistance Levels:

• R1: 1936.64
• R2: 1946.56
• R3: 1954.56

Support Levels:

• S1: 1921.96
• S2: 1914.21
• S3: 1900.11

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