Gold Technical Analysis April 19, 2023
The Gold rose 0.51% against the USD on Tuesday and closed at 2004.75. Today in the European session, while the Gold technical Analysis April 19, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1975.00, which is 1.47% lower than Yesterday’s close.
The Gold is expected to find support at 1973.00, and a fall-through could take it to the next support level of 1965.00. The pair is expected to find its first resistance at 2011.00, and a rise-through could take it to the next resistance level of 2014.00. Today’s expected trading range is between 1950.00 support, and 2024.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1973.00
Support 2: 1965.00
Support 3: 1950.00
Important resistance levels:
Resistance 1: 2011.00
Resistance 2: 2014.00
Resistance 3: 2024.00