Gold Technical Analysis April 11, 2023
The Gold declined 0.30% against the USD on Monday and closed at 1991.00. Today in the European session, while the Gold technical Analysis April 11, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 2004.00, which is 0.61% higher than Yesterday’s close.
The Gold is expected to find support at 1990.00, and a fall-through could take it to the next support level of 1982.00. The pair is expected to find its first resistance at 2007.00, and a rise-through could take it to the next resistance level of 2020.00. Today’s expected trading range is between 1950.00 support, and 2031.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1990.00
Support 2: 1982.00
Support 3: 1950.00
Important resistance levels:
Resistance 1: 2007.00
Resistance 2: 2020.00
Resistance 3: 2031.00