Gold Technical Analysis April 3, 2023
The Gold rose 0.54% against the USD on Friday and closed at 1969.26. Today in the European session, while the Gold technical Analysis April 3, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1973.00, which is 0.17% higher than Yesterday’s close.
The Gold is expected to find support at 1950.00, and a fall-through could take it to the next support level of 1944.00. The pair is expected to find its first resistance at 1975.00, and a rise-through could take it to the next resistance level of 1985.00. Today’s expected trading range is between 1935.00 support, and 2000.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1950.00
Support 2: 1944.00
Support 3: 1935.00
Important resistance levels:
Resistance 1: 1975.00
Resistance 2: 1985.00
Resistance 3: 2000.00