Gold Technical Analysis Sep 29, 2023
The Gold declined 0.59% against the USD on Thursday and closed at 1865.00. Today in the European session, while the Gold technical Analysis Sep 29, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1872.00, which is 0.35% higher than Yesterday’s close.
The Gold is expected to find support at 1863.00, and a fall-through could take it to the next support level of 1855.00. The pair is expected to find its first resistance at 1878.00, and a rise-through could take it to the next resistance level of 1884.00. Today’s expected trading range is between 1850.00 support and 1894.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1863.00
Support 2: 1855.00
Support 3: 1850.00
Important resistance levels:
Resistance 1: 1878.00
Resistance 2: 1884.00
Resistance 3: 1894.00