Gold Technical Analysis April 5, 2023
The Gold rose 1.74% against the USD on Tuesday and closed at 2020.40. Today in the European session, while the Gold technical Analysis April 5, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1926.00, which is 0.27% higher than Yesterday’s close.
The Gold is expected to find support at 2010.00, and a fall-through could take it to the next support level of 2000.00. The pair is expected to find its first resistance at 2027.00, and a rise-through could take it to the next resistance level of 2050.00. Today’s expected trading range is between 1990.00 support, and 2070.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 2010.00
Support 2: 2000.00
Support 3: 1990.00
Important resistance levels:
Resistance 1: 2037.00
Resistance 2: 2050.00
Resistance 3: 2070.00