Gold Technical Analysis Aug 23, 2023
The Gold rose 0.14% against the USD on Tuesday and closed at 1897.25. Today in the European session, while the Gold technical Analysis Aug 23, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1903.50, which is 0.33% higher than Yesterday’s close.
The Gold is expected to find support at 1897.00, and a fall-through could take it to the next support level of 1890.00. The pair is expected to find its first resistance at 1907.00, and a rise-through could take it to the next resistance level of 1910.00. Today’s expected trading range is between 1885.00 support and 1915.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1897.00
Support 2: 1890.00
Support 3: 1885.00
Important resistance levels:
Resistance 1: 1907.00
Resistance 2: 1910.00
Resistance 3: 1915.00