XAUUSD Forex Analysis for Today, Tuesday (24-10-2023)
XAUUSD Correction, Watch Support Area
XAUUSD Analysis – The rise in US bond yields is affecting the movement of XAUUSD. XAUUSD is once again correcting lower towards the support area of 1966.21 – 1959.45.
Today’s Trading Strategy:
There is a potential BUY opportunity for XAUUSD today as long as it doesn’t break below the 1966.21 – 1959.45 area, with the potential to rise towards the range of 1993.47 – 1998.77.
Alternative:
If the support area of 1966.21 – 1959.45 is breached, it could potentially push XAUUSD down to the range of 1946.64 – 1941.56.
Resistance Levels
- R1: 1998.77
- R2: 2010.44
- R3: 2027.66
Support Levels
- S1: 1959.45
- S2: 1941.56
- S3: 1911.51
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