Gold Technical Analysis February 7, 2023
The Gold rose 0.18% against the USD on Monday and closed at 1867.65. Today in the European session, while the Gold technical Analysis February 7, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1867.00, which is 0.03% lower than Yesterday’s close.
The Gold is expected to find support at 1862.00, and a fall-through could take it to the next support level of 1850.00. The pair is expected to find its first resistance at 1877.00, and a rise-through could take it to the next resistance level of 1880.00. Today’s expected trading range is between 1825.00, support, and 1892.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1862.00
Support 2: 1850.00
Support 3: 1825.00
Important resistance levels:
Resistance 1: 1877.00
Resistance 2: 1880.00
Resistance 3: 1892.00