Gold Technical Analysis February 2, 2023
The Gold rose 1.16% against the USD on Wednesday and closed at 1950.00. Today in the European session, while the Gold technical Analysis February 2, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1933.00, which is 0.87% lower than Yesterday’s close.
The Gold is expected to find support at 1932.00, and a fall-through could take it to the next support level of 1929.00. The pair is expected to find its first resistance at 1959.00, and a rise-through could take it to the next resistance level of 1963.00. Today’s expected trading range is between 1922.00, support, and 1965.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1932.00
Support 2: 1929.00
Support 3: 1922.00
Important resistance levels:
Resistance 1: 1959.00
Resistance 2: 1963.00
Resistance 3: 1965.00