Gold Technical Analysis April 7, 2023
The Gold declined 0.04% against the USD on Thursday and closed at 2020.30. Today in the European session, while the Gold technical Analysis April 7, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 2007.40, which is 0.64% lower than Yesterday’s close.
The Gold is expected to find support at 2001.00, and a fall-through could take it to the next support level of 1990.00. The pair is expected to find its first resistance at 2020.00, and a rise-through could take it to the next resistance level of 2031.00. Today’s expected trading range is between 1977.00 support, and 2068.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 2001.00
Support 2: 1990.00
Support 3: 1977.00
Important resistance levels:
Resistance 1: 2020.00
Resistance 2: 2031.00
Resistance 3: 2068.00
Crude Oil Technical Analysis April 7, 2023