XAUUSD Analysis – Testing the Psychological Level of 1900
Analysis of XAUUSD – The strengthening of the US dollar is impacting the movement of XAUUSD. XAUUSD has once again declined towards the support range of 1890.20 – 1887.83.
Today’s Trading Strategy:
There is a potential opportunity to SELL XAUUSD today as long as it does not break above the range of 1912.22 – 1916.84, with the potential to decline towards the range of 1890.20 – 1887.83.
Alternatively, a breakout above the resistance range of 1912.22 – 1916.84 has the potential to push XAUUSD up towards the range of 1928.01 – 1929.54.
Resistance Levels:
- R1: 1916.84
- R2: 1929.54
- R3: 1948.42
Support Levels:
- S1: 1887.83
- S2: 1883.69
- S3: 1877.70
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