Gold Technical Analysis February 1, 2023
The Gold rose 0.29% against the USD on Tuesday and closed at 1928.00. Today in the European session, while the Gold technical Analysis February 1, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1929.00, which is 0.05% higher than Yesterday’s close.
The Gold is expected to find support at 1923.50, and a fall-through could take it to the next support level of 1919.00. The pair is expected to find its first resistance at 1931.00, and a rise-through could take it to the next resistance level of 1934.00. Today’s expected trading range is between 1901.00, support, and 1948.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1923.50
Support 2: 1919.00
Support 3: 1901.00
Important resistance levels:
Resistance 1: 1931.00
Resistance 2: 1934.00
Resistance 3: 1948.00