Gold Technical Analysis January 6, 2023
The Gold declined 1.16% against the USD on Thursday and closed at 1833.11. Today in the European session, while the Gold technical Analysis January 6, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1835.60, which is 0.14% higher than Yesterday’s close.
The Gold is expected to find support at 1825.00, and a fall-through could take it to the next support level of 1819.00. The pair is expected to find its first resistance at 1840.00, and a rise through could take it to the next resistance level of 1852.00. Today’s expected trading range is between 1814.00, support, and 1864.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1825.00
Support 2: 1819.00
Support 3: 1814.00
Important resistance levels:
Resistance 1: 1840.00
Resistance 2: 1851.00
Resistance 3: 1864.00