Gold Technical Analysis Sep 4, 2023
The Gold declined 0.01% against the USD on Friday and closed at 1939.80. Today in the European session, while the Gold technical Analysis Sep 4, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1943.50, which is 0.19% higher than Yesterday’s close.
The Gold is expected to find support at 1935.00, and a fall-through could take it to the next support level of 1925.00. The pair is expected to find its first resistance at 1948.00, and a rise-through could take it to the next resistance level of 1952.00. Today’s expected trading range is between 1914.00 support and 1970.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1935.00
Support 2: 1925.00
Support 3: 1914.00
Important resistance levels:
Resistance 1: 1948.00
Resistance 2: 1952.00
Resistance 3: 1970.00