Gold Technical Analysis Aug 14, 2023
The Gold rose 0.07% against the USD on Friday and closed at 1913.80. Today in the European session, while the Gold technical Analysis Aug 14, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1915.50, which is 0.07% higher than Yesterday’s close.
The Gold is expected to find support at 1910.00, and a fall-through could take it to the next support level of 1903.00. The pair is expected to find its first resistance at 1916.00, and a rise-through could take it to the next resistance level of 1920.00. Today’s expected trading range is between 1892.00 support and 1929.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1910.00
Support 2: 1903.00
Support 3: 1892.00
Important resistance levels:
Resistance 1: 1916.00
Resistance 2: 1920.00
Resistance 3: 1929.00