Gold Technical Analysis March 7, 2023
The Gold declined 0.36% against the USD on Monday and closed at 1847.00. Today in the European session, while the Gold technical Analysis March 7, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1843.00, which is 0.21% lower than Yesterday’s close.
The Gold is expected to find support at 1842.00, and a fall-through could take it to the next support level of 1830.00. The pair is expected to find its first resistance at 1851.00, and a rise-through could take it to the next resistance level of 1857.00. Today’s expected trading range is between 1820.00, support, and 1870.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1842.00
Support 2: 1830.00
Support 3: 1820.00
Important resistance levels:
Resistance 1: 1851.00
Resistance 2: 1857.00
Resistance 3: 1870.00