Gold Technical Analysis October 20, 2023
The Gold rose 1.35% against the USD on Thursday and closed at 1974.15. Today in the European session, while the Gold technical Analysis October 20, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1985.00, which is 0.55% higher than Yesterday’s close.
The Gold is expected to find support at 1960.00, and a fall-through could take it to the next support level of 1945.00. The pair is expected to find its first resistance at 1986.00, and a rise-through could take it to the next resistance level of 1992.00. Today’s expected trading range is between 1930.00 support and 2000.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1960.00
Support 2: 1945.00
Support 3: 1930.00
Important resistance levels:
Resistance 1: 1986.00
Resistance 2: 1992.00
Resistance 3: 2000.00