Gold Technical Analysis December 19, 2022
The Gold rose 0.94% against the USD on Friday and closed at 1793.00. Today in the European session, while the Gold technical Analysis December 19, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1783.60, which is 0.11% higher than Yesterday’s close.
The Gold is expected to find support at 1787.00, and a fall through could take it to the next support level of 1780.00. The pair is expected to find its first resistance at 1800.00, and a rise through could take it to the next resistance level of 1807.00. Today’s expected trading range is between 1794.00, support, and 1813.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1787.00
Support 2: 1780.00
Support 3: 1794.00
Important resistance levels:
Resistance 1: 1800.00
Resistance 2: 1907.00
Resistance 3: 1813.00