Gold Technical Analysis September 29, 2022
The Gold rose 1.81% against the USD on Wednesday and closed at 1659.90. Today in the European session, while the Gold technical Analysis September 29, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1650.00, which is 0.57% lower than Yesterday’s close.
The Gold is expected to find support at 1642.00, and a fall through could take it to the next support level of 1628.00. The pair is expected to find its first resistance at 1662.00, and a rise through could take it to the next resistance level of 1675.00. Today’s expected trading range is between 1615.00, support, and 1685.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1642.00
Support 2: 1628.00
Support 3: 1615.00
Important resistance levels:
Resistance 1: 1662.00
Resistance 2: 1675.00
Resistance 3: 1685.00