Gold Technical Analysis October 4, 2021
The Gold rose 0.25% against the USD on Friday and closed at 1760.15. Today in the European session, while Gold technical Analysis October 4, 2021 is preparing at 9:45 GMT, the XAU/USD trading at 1755.00, which is 0.28% lower from Yesterday’s close.
The Gold is expected to find support at 1748.00, and a fall through could take it to the next support level of 1745.00. The pair is expected to find its first resistance at 1762.00, and a rise through could take it to the next resistance level of 1765.00. Today’s expected trading range is between 1722.00, support and 1786.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1748.00
Support 2: 1745:00
Support 3: 1722:00
Important resistance levels:
Resistance 1: 1762.00
Resistance 2: 1765.00
Resistance 3: 1786.00