Gold Technical Analysis March 21, 2023
The Gold declined 3.36% against the USD on Monday and closed at 1978.82. Today in the European session, while the Gold technical Analysis March 21, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1966.50, which is 0.60% lower than Yesterday’s close.
The Gold is expected to find support at 1960.00, and a fall-through could take it to the next support level of 1950.00. The pair is expected to find its first resistance at 1984.00, and a rise-through could take it to the next resistance level of 2000.00. Today’s expected trading range is between 1936.00, support, and 2009.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1960.00
Support 2: 1950.00
Support 3: 1936.00
Important resistance levels:
Resistance 1: 1984.00
Resistance 2: 2000.00
Resistance 3: 2009.00