Gold Technical Analysis April 18, 2023
The Gold declined 0.30% against the USD on Monday and closed at 1995.00. Today in the European session, while the Gold technical Analysis April 18, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 2004.00, which is 0.45% higher than Yesterday’s close.
The Gold is expected to find support at 1993.00, 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 2005.00, and a rise-through could take it to the next resistance level of 2014.00. Today’s expected trading range is between 1965.00 support, and 2024.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1993.00
Support 2: 1982.00
Support 3: 1965.00
Important resistance levels:
Resistance 1: 2005.00
Resistance 2: 2014.00
Resistance 3: 2024.00