Gold Technical Analysis October 10, 2022
The Gold declined 0.98% against the USD on Friday and closed at 1694.80. Today in the European session, while the Gold technical Analysis October 10, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1680.00, which is 0.87% lower than Yesterday’s close.
The Gold is expected to find support at 1675.00, and a fall through could take it to the next support level of 1669.00. The pair is expected to find its first resistance at 1693.00, and a rise through could take it to the next resistance level of 1700.00. Today’s expected trading range is between 1660.00, support, and 1714.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1675.00
Support 2: 1669.00
Support 3: 1660.00
Important resistance levels:
Resistance 1: 1693.00
Resistance 2: 1700.00
Resistance 3: 1714.00