Gold Technical Analysis December 20, 2022
The Gold declined 0.26% against the USD on Monday and closed at 1787.62. Today in the European session, while the Gold technical Analysis December 20, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1800.00, which is 0.70% higher than Yesterday’s close.
The Gold is expected to find support at 1798.00, and a fall through could take it to the next support level of 1785.00. The pair is expected to find its first resistance at 1809.00, and a rise through could take it to the next resistance level of 1813.00. Today’s expected trading range is between 1775.00, support, and 1824.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1798.00
Support 2: 1785.00
Support 3: 1775.00
Important resistance levels:
Resistance 1: 1809.00
Resistance 2: 1913.00
Resistance 3: 1824.00