Gold Technical Analysis October 10, 2023
The Gold rose 0.43% against the USD on Monday and closed at 1861.30. Today in the European session, while the Gold technical Analysis October 10, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1859.00, which is 0.12% lower than Yesterday’s close.
The Gold is expected to find support at 1855.00, and a fall-through could take it to the next support level of 1845.00. The pair is expected to find its first resistance at 1865.00, and a rise-through could take it to the next resistance level of 1869.00. Today’s expected trading range is between 1733.00 support and 1879.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1855.00
Support 2: 1845.00
Support 3: 1733.00
Important resistance levels:
Resistance 1: 1865.00
Resistance 2: 1869.00
Resistance 3: 1879.00