Gold Technical Analysis February 17, 2023
The Gold declined 0.01% against the USD on Thursday and closed at 1836.25. Today in the European session, while the Gold technical Analysis February 17, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1827.00, which is 0.49% lower than Yesterday’s close.
The Gold is expected to find support at 1819.00, and a fall-through could take it to the next support level of 1814.00. The pair is expected to find its first resistance at 1835.00, and a rise-through could take it to the next resistance level of 1845.00. Today’s expected trading range is between 1798.00, support, and 1859.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1819.00
Support 2: 1814.00
Support 3: 1798.00
Important resistance levels:
Resistance 1: 1835.00
Resistance 2: 1845.00
Resistance 3: 1859.00