Gold Technical Analysis March 1, 2023
The Gold rose 0.54% against the USD on Wednesday and closed at 1827.10. Today in the European session, while the Gold technical Analysis March 1, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1836.30, which is 0.51% higher than Yesterday’s close.
The Gold is expected to find support at 1824.00, and a fall-through could take it to the next support level of 1820.00. The pair is expected to find its first resistance at 1838.00, and a rise-through could take it to the next resistance level of 1835.00. Today’s expected trading range is between 1807.00, support, and 1858.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1824.00
Support 2: 1820.00
Support 3: 1807.00
Important resistance levels:
Resistance 1: 1838.00
Resistance 2: 1845.00
Resistance 3: 1858.00