Gold Technical Analysis Aug 25, 2023
The Gold rose 0.01% against the USD on Thursday and closed at 1916.90. Today in the European session, while the Gold technical Analysis Aug 25, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1916.50, which is 0.03% lower than Yesterday’s close.
The Gold is expected to find support at 1912.00, and a fall-through could take it to the next support level of 1904.00. The pair is expected to find its first resistance at 1918.00, and a rise-through could take it to the next resistance level of 1922.00. Today’s expected trading range is between 1890.00 support and 1930.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1912.00
Support 2: 1904.00
Support 3: 1890.00
Important resistance levels:
Resistance 1: 1918.00
Resistance 2: 1922.00
Resistance 3: 1930.00