Gold Technical Analysis October 23, 2023
The Gold rose 1.37% against the USD on Friday and closed at 1980.30. Today in the European session, while the Gold technical Analysis October 23, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1978.00, which is 0.11% higher than Yesterday’s close.
The Gold is expected to find support at 1965.00, and a fall-through could take it to the next support level of 1950.00. The pair is expected to find its first resistance at 1982.00, and a rise-through could take it to the next resistance level of 1995.00. Today’s expected trading range is between 1945.00 support and 2000.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1965.00
Support 2: 1950.00
Support 3: 1945.00
Important resistance levels:
Resistance 1: 1982.00
Resistance 2: 1995.00
Resistance 3: 2000.00