XAUUSD Forex Analysis for Today – Tuesday (03-10-2023)
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Bearish Pressure Still Accompanies XAUUSD
Analysis XAUUSD – The strengthening of the US dollar continues to influence the movement of XAUUSD, where XAUUSD is again declining towards the support area of 1814.39 – 1906.13.
Today’s Trading Strategy:
There is a potential to SELL XAUUSD today as long as it does not break above the range of 1837.13 – 1854.66 with the potential to drop to the area of 1814.39 – 1906.13.
Alternative:
A breakthrough above the resistance area of 1837.13 – 1854.66 has the potential to push XAUUSD up to the area of 1854.72 – 1862.73.
Resistance Levels
- R1: 1854.66
- R2: 1862.73
- R3: 1880.72
Support Levels
- S1: 1806.13
- S2: 1792.88
- S3: 1784.50
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