Gold Technical Analysis October 19, 2022
The Gold rose 0.06% against the USD on Tuesday and closed at 1651.50. Today in the European session, while the Gold technical Analysis October 19, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1635.00, which is 0.98% lower than Yesterday’s close.
The Gold is expected to find support at 1633.00, and a fall through could take it to the next support level of 1629.00. The pair is expected to find its first resistance at 1649.00, and a rise through could take it to the next resistance level of 1654.00. Today’s expected trading range is between 1615.00, support, and 1660.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1633.00
Support 2: 1629.00
Support 3: 1660.00
Important resistance levels:
Resistance 1: 1649.00
Resistance 2: 1654.00
Resistance 3: 1660.00