Gold Technical Analysis April 24, 2023
The Gold declined 1.07% against the USD on Friday and closed at 1982.68. Today in the European session, while the Gold technical Analysis April 24, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1984.00, which is 0.07% higher than Yesterday’s close.
The Gold is expected to find support at 1972.00, and a fall-through could take it to the next support level of 1969.00. The pair is expected to find its first resistance at 1987.00, and a rise-through could take it to the next resistance level of 1991.00. Today’s expected trading range is between 1950.00 support, and 2011.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1972.00
Support 2: 1969.00
Support 3: 1950.00
Important resistance levels:
Resistance 1: 1987.00
Resistance 2: 1991.00
Resistance 3: 2011.00