Gold Technical Analysis January 23, 2023
The Gold declined 0.28% against the USD on Friday and closed at 1926.70. Today in the European session, while the Gold technical Analysis January 23, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1926.30, which is 0.02% lower than Yesterday’s close.
The Gold is expected to find support at 1919.00, and a fall-through could take it to the next support level of 1912.00. The pair is expected to find its first resistance at 1935.00, and a rise-through could take it to the next resistance level of 1937.00. Today’s expected trading range is between 1901.00, support, and 1944.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1919.00
Support 2: 1912.00
Support 3: 1901.00
Important resistance levels:
Resistance 1: 1935.00
Resistance 2: 1937.00
Resistance 3: 1944.00