Gold Technical Analysis April 20, 2023
The Gold declined 0.52% against the USD on Wednesday and closed at 1994.85. Today in the European session, while the Gold technical Analysis April 20, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 2001.00, which is 0.30% higher than Yesterday’s close.
The Gold is expected to find support at 1990.00, and a fall-through could take it to the next support level of 1982.00. The pair is expected to find its first resistance at 2005.00, and a rise-through could take it to the next resistance level of 2011.00. Today’s expected trading range is between 1970.00 support, and 2024.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1990.00
Support 2: 1982.00
Support 3: 1970.00
Important resistance levels:
Resistance 1: 2005.00
Resistance 2: 2011.00
Resistance 3: 2024.00