Gold Technical Analysis October 19, 2023
The Gold rose 1.26% against the USD on Wednesday and closed at 1947.73. Today in the European session, while the Gold technical Analysis October 19, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1950.00, which is 0.12% higher than Yesterday’s close.
The Gold is expected to find support at 1945.00, and a fall-through could take it to the next support level of 1930.00. The pair is expected to find its first resistance at 1962.00, and a rise-through could take it to the next resistance level of 1970.00. Today’s expected trading range is between 1912.00 support and 1985.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1945.00
Support 2: 1930.00
Support 3: 1912.00
Important resistance levels:
Resistance 1: 1962.00
Resistance 2: 1970.00
Resistance 3: 1985.00