Gold Technical Analysis March 22, 2023
The Gold declined 1.93% against the USD on Tuesday and closed at 1940.50. Today in the European session, while the Gold technical Analysis March 22, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1944.50, which is 0.20% higher than Yesterday’s close.
The Gold is expected to find support at 1935.00, and a fall-through could take it to the next support level of 1914.00. The pair is expected to find its first resistance at 1945.00, and a rise-through could take it to the next resistance level of 1954.00. Today’s expected trading range is between 1900.00, support, and 1968.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1935.00
Support 2: 1914.00
Support 3: 1900.00
Important resistance levels:
Resistance 1: 1945.00
Resistance 2: 1954.00
Resistance 3: 1968.00