Gold Technical Analysis February 3, 2023
The Gold declined 2.08% against the USD on Thursday and closed at 1912.50. Today in the European session, while the Gold technical Analysis February 3, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1910.00, which is 0.10% lower than Yesterday’s close.
The Gold is expected to find support at 1901.00, and a fall-through could take it to the next support level of 1897.00. The pair is expected to find its first resistance at 1918.00, and a rise-through could take it to the next resistance level of 1927.00. Today’s expected trading range is between 1892.00, support, and 1932.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1901.00
Support 2: 1897.00
Support 3: 1992.00
Important resistance levels:
Resistance 1: 1918.00
Resistance 2: 1927.00
Resistance 3: 1932.00