Gold Technical Analysis October 4, 2022
The Gold rose 2.05% against the USD on Monday and closed at 1699.20. Today in the European session, while the Gold technical Analysis October 4, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1708.70, which is 0.55% higher than Yesterday’s close.
The Gold is expected to find support at 1697.00, and a fall through could take it to the next support level of 1687.00. The pair is expected to find its first resistance at 1710.00, and a rise through could take it to the next resistance level of 1714.00. Today’s expected trading range is between 1675.00, support, and 1735.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1696.00
Support 2: 1687.00
Support 3: 1675.00
Important resistance levels:
Resistance 1: 1710.00
Resistance 2: 1714.00
Resistance 3: 1735.00