Gold Technical Analysis October 9, 2023
The Gold rose 0.60% against the USD on Friday and closed at 1831.50. Today in the European session, while the Gold technical Analysis October 9, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1850.00, which is 1.00% higher than Yesterday’s close.
The Gold is expected to find support at 1840.00, and a fall-through could take it to the next support level of 1834.00. The pair is expected to find its first resistance at 1854.00, and a rise-through could take it to the next resistance level of 1858.00. Today’s expected trading range is between 1714.00 support and 1865.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1840.00
Support 2: 1834.00
Support 3: 1714.00
Important resistance levels:
Resistance 1: 1854.00
Resistance 2: 1858.00
Resistance 3: 1865.00