Gold Technical Analysis October 13, 2023
The Gold declined 0.29% against the USD on Thursday and closed at 1868.88. Today in the European session, while the Gold technical Analysis October 13, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1914.50, which is 2.45% higher than Yesterday’s close.
The Gold is expected to find support at 1884.00, and a fall-through could take it to the next support level of 1875.00. The pair is expected to find its first resistance at 1918.00, and a rise-through could take it to the next resistance level of 1928.00. Today’s expected trading range is between 1765.00 support and 1936.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1884.00
Support 2: 1875.00
Support 3: 1765.00
Important resistance levels:
Resistance 1: 1918.00
Resistance 2: 1928.00
Resistance 3: 1936.00