Gold Technical Analysis February 16, 2023
The Gold declined 0.94% against the USD on Wednesday and closed at 1836.10. Today in the European session, while the Gold technical Analysis February 16, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1834.00, which is 0.11% lower than Yesterday’s close.
The Gold is expected to find support at 1828.00, and a fall-through could take it to the next support level of 1825.00. The pair is expected to find its first resistance at 1844.00, and a rise-through could take it to the next resistance level of 1854.00. Today’s expected trading range is between 1820.00, support, and 1860.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1828.00
Support 2: 1825.00
Support 3: 1820.00
Important resistance levels:
Resistance 1: 1844.00
Resistance 2: 1854.00
Resistance 3: 1860.00