Gold Technical Analysis March 8, 2023
The Gold declined 1.77% against the USD on Tuesday and closed at 1813.40. Today in the European session, while the Gold technical Analysis March 8, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1815.00, which is 010% higher than Yesterday’s close.
The Gold is expected to find support at 1809.00, and a fall-through could take it to the next support level of 1805.00. The pair is expected to find its first resistance at 1816.00, and a rise-through could take it to the next resistance level of 1823.00. Today’s expected trading range is between 1792.00, support, and 1830.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1809.00
Support 2: 1805.00
Support 3: 1792.00
Important resistance levels:
Resistance 1: 1816.00
Resistance 2: 1823.00
Resistance 3: 1830.00