Gold Technical Analysis February 28, 2023
The Gold rose 0.29% against the USD on Tuesday and closed at 1817.22. Today in the European session, while the Gold technical Analysis February 28, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1809.00, which is 0.46% lower than Yesterday’s close.
The Gold is expected to find support at 1805.00, and a fall-through could take it to the next support level of 1800.00. The pair is expected to find its first resistance at 1819.00, and a rise-through could take it to the next resistance level of 1823.00. Today’s expected trading range is between 1794.00, support, and 1827.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1805.00
Support 2: 1800.00
Support 3: 1792.00
Important resistance levels:
Resistance 1: 1810.00
Resistance 2: 1823.00
Resistance 3: 1827.00