XAUUSD Forex Analysis for Today – Wednesday (04-10-2023)
XAUUSD Consolidation, Attempt to Break Support
Analysis of XAUUSD – The strengthening US dollar continues to influence the movement of XAUUSD. XAUUSD has once again declined, testing the support area at 1816.97 – 1814.11.
Today’s Trading Strategy:
There is a potential to SELL XAUUSD today if it breaks below the 1816.97 – 1814.11 area, with the potential for a decline to the 1791.78 – 1782.86 area.
Alternatives:
A breakthrough of the resistance area at 1837.13 – 1843.80 has the potential to push XAUUSD up to the 1854.72 – 1862.73 area.
Resistance Levels
- R1: 1843.80
- R2: 1862.73
- R3: 1880.72
Support Levels
- S1: 1814.11
- S2: 1782.86
- S3: 1777.70
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast