Gold Technical Analysis October 12, 2022
The Gold declined 0.13% against the USD on Tuesday and closed at 1666.31. Today in the European session, while the Gold technical Analysis October 12, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1672.00, which is 0.35% higher than Yesterday’s close.
The Gold is expected to find support at 1661.00, and a fall through could take it to the next support level of 1655.00. The pair is expected to find its first resistance at 1661.00, and a rise through could take it to the next resistance level of 1656.00. Today’s expected trading range is between 1643.00, support, and 1642.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1661.00
Support 2: 1655.00
Support 3: 1643.00
Important resistance levels:
Resistance 1: 1661.00
Resistance 2: 1656.00
Resistance 3: 1642.00