Gold Technical Analysis February 10, 2023
The Gold declined 0.71% against the USD on Thursday and closed at 1861.27. Today in the European session, while the Gold technical Analysis February 10, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1865.00, which is 0.23% higher than Yesterday’s close.
The Gold is expected to find support at 1853.00, and a fall-through could take it to the next support level of 1850.00. The pair is expected to find its first resistance at 1871.00, and a rise-through could take it to the next resistance level of 1881.00. Today’s expected trading range is between 1825.00, support, and 1890.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1853.00
Support 2: 1850.00
Support 3: 1825.00
Important resistance levels:
Resistance 1: 1871.00
Resistance 2: 1881.00
Resistance 3: 1890.00