Gold Technical Analysis January 19, 2023
The Gold declined 0.21% against the USD on Wednesday and closed at 1904.00. Today in the European session, while the Gold technical Analysis January 19, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1908.00, which is 0.21% higher than Yesterday’s close.
The Gold is expected to find support at 1901.00, and a fall-through could take it to the next support level of 1897.00. The pair is expected to find its first resistance at 1916.00, and a rise-through could take it to the next resistance level of 1925.00. Today’s expected trading range is between 1892.00, support, and 1928.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1901.00
Support 2: 1897.00
Support 3: 1892.00
Important resistance levels:
Resistance 1: 1916.00
Resistance 2: 1925.00
Resistance 3: 1928.00