Gold Technical Analysis January 24, 2023
The Gold rose 0.38% against the USD on Monday and closed at 1931.55. Today in the European session, while the Gold technical Analysis of January 24, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1936.90, which is 0.28% higher than Yesterday’s close.
The Gold is expected to find support at 1926.00, and a fall-through could take it to the next support level of 1917.00. The pair is expected to find its first resistance at 1942.00, and a rise-through could take it to the next resistance level of 1950.00. Today’s expected trading range is between 1912.00, support, and 1967.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1926.00
Support 2: 1917.00
Support 3: 1912.00
Important resistance levels:
Resistance 1: 1942.00
Resistance 2: 1950.00
Resistance 3: 1967.00