Gold Technical Analysis April 4, 2023
The Gold rose 0.90% against the USD on Saturday and closed at 1984.05. Today in the European session, while the Gold technical Analysis April 4, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1985.00, which is 0.07% higher than Yesterday’s close.
The Gold is expected to find support at 1977.00, and a fall-through could take it to the next support level of 1958.00. The pair is expected to find its first resistance at 1986.00, and a rise-through could take it to the next resistance level of 1990.00. Today’s expected trading range is between 1950.00 support, and 2000.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1977.00
Support 2: 1958.00
Support 3: 1950.00
Important resistance levels:
Resistance 1: 1986.00
Resistance 2: 1990.00
Resistance 3: 2000.00