Gold Technical Analysis April 17, 2023
The Gold declined 1.74% against the USD on Friday and closed at 2004.50. Today in the European session, while the Gold technical Analysis April 17, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 2006.00, which is 0.07% higher than Yesterday’s close.
The Gold is expected to find support at 1996.00, and a fall-through could take it to the next support level of 1993.00. The pair is expected to find its first resistance at 2014.00, and a rise-through could take it to the next resistance level of 2024.00. Today’s expected trading range is between 1982.00 support, and 2031.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1996.00
Support 2: 1993.00
Support 3: 1982.00
Important resistance levels:
Resistance 1: 2014.00
Resistance 2: 2024.00
Resistance 3: 2031.00