Gold Technical Analysis January 17, 2023
The Gold declined 0.35% against the USD on Monday and closed at 1915.40. Today in the European session, while the Gold technical Analysis January 17, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1906.50, which is 0.45% lower than Yesterday’s close.
The Gold is expected to find support at 1900.00, and a fall-through could take it to the next support level of 1892.00. The pair is expected to find its first resistance at 1918.00, and a rise-through could take it to the next resistance level of 1925.00. Today’s expected trading range is between 1885.00, support, and 1928.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1900.00
Support 2: 1892.00
Support 3: 1885.00
Important resistance levels:
Resistance 1: 1918.00
Resistance 2: 1925.00
Resistance 3: 1928.00