Gold Technical Analysis October 18, 2022
The Gold rose 0.27% against the USD on Monday and closed at 1655.64. Today in the European session, while the Gold technical Analysis October 18, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1652.00, which is 0.09% higher than Yesterday’s close.
The Gold is expected to find support at 1647.00, and a fall through could take it to the next support level of 1640.50. The pair is expected to find its first resistance at 1660.00, and a rise through could take it to the next resistance level of 1668.00. Today’s expected trading range is between 1615.00, support, and 1671.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1647.00
Support 2: 1640.50
Support 3: 1615.00
Important resistance levels:
Resistance 1: 1660.00
Resistance 2: 1668.00
Resistance 3: 1671.00