Gold Technical Analysis March 2, 2023
The Gold rose 0.54% against the USD on Thursday and closed at 1836.70. Today in the European session, while the Gold technical Analysis March 2, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1837.00, which is 0.02% higher than Yesterday’s close.
The Gold is expected to find support at 1830.00, and a fall-through could take it to the next support level of 1824.00. The pair is expected to find its first resistance at 1844.00, and a rise-through could take it to the next resistance level of 1846.00. Today’s expected trading range is between 1819.00, support, and 1870.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1830.00
Support 2: 1824.00
Support 3: 1819.00
Important resistance levels:
Resistance 1: 1844.00
Resistance 2: 1846.00
Resistance 3: 1870.00