Gold Technical Analysis April 21, 2023
The Gold rose 0.52% against the USD on Thursday and closed at 2004.65. Today in the European session, while the Gold technical Analysis April 21, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1988.00, which is 0.83% lower than Yesterday’s close.
The Gold is expected to find support at 1982.00, and a fall-through could take it to the next support level of 1970.00. The pair is expected to find its first resistance at 2000.00, and a rise-through could take it to the next resistance level of 2011.00. Today’s expected trading range is between 1950.00 support, and 2024.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1982.00
Support 2: 1970.00
Support 3: 1950.00
Important resistance levels:
Resistance 1: 2000.00
Resistance 2: 2011.00
Resistance 3: 2024.00