Gold Technical Analysis February 15, 2023
The Gold declined 0.05% against the USD on Tuesday and closed at 1854.40. Today in the European session, while the Gold technical Analysis February 15, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1834.00, which is 1.10% lower than Yesterday’s close.
The Gold is expected to find support at 1832.00, and a fall-through could take it to the next support level of 1825.00. The pair is expected to find its first resistance at 1850.00, and a rise-through could take it to the next resistance level of 1860.00. Today’s expected trading range is between 1820.00, support, and 1870.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1832.00
Support 2: 1825.00
Support 3: 1820.00
Important resistance levels:
Resistance 1: 1850.00
Resistance 2: 1860.00
Resistance 3: 1870.00