Gold Technical Analysis October 11, 2023
The Gold declined 0.05% against the USD on Tuesday and closed at 1860.00. Today in the European session, while the Gold technical Analysis October 11, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1872.00, which is 0.65% higher than Yesterday’s close.
The Gold is expected to find support at 1865.00, and a fall-through could take it to the next support level of 1854.00. The pair is expected to find its first resistance at 1874.00, and a rise-through could take it to the next resistance level of 1879.00. Today’s expected trading range is between 1745.00 support and 1885.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1865.00
Support 2: 1854.00
Support 3: 1745.00
Important resistance levels:
Resistance 1: 1874.00
Resistance 2: 1879.00
Resistance 3: 1885.00