Gold Technical Analysis October 18, 2023
The Gold rose 0.16% against the USD on Tuesday and closed at 1922.90. Today in the European session, while the Gold technical Analysis October 18, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1937.50, which is 0.77% higher than Yesterday’s close.
The Gold is expected to find support at 1930.00, and a fall-through could take it to the next support level of 1919.00. The pair is expected to find its first resistance at 1942.00, and a rise-through could take it to the next resistance level of 1946.00. Today’s expected trading range is between 1909.00 support and 1952.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1930.00
Support 2: 1919.00
Support 3: 1909.00
Important resistance levels:
Resistance 1: 1942.00
Resistance 2: 1946.00
Resistance 3: 1952.00