Gold Technical Analysis Aug 17, 2023
The Gold declined 0.49% against the USD on Wednesday and closed at 1892.45. Today in the European session, while the Gold technical Analysis Aug 17, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1897.50, which is 0.25% higher than Yesterday’s close.
The Gold is expected to find support at 1890.00, and a fall-through could take it to the next support level of 1882.00. The pair is expected to find its first resistance at 1900.00, and a rise-through could take it to the next resistance level of 1907.00. Today’s expected trading range is between 1870.00 support and 1915.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1890.00
Support 2: 1882.00
Support 3: 1870.00
Important resistance levels:
Resistance 1: 1900.00
Resistance 2: 1907.00
Resistance 3: 1915.00