Gold Technical Analysis February 27, 2023
The Gold declined 0.64% against the USD on Monday and closed at 1811.11. Today in the European session, while the Gold technical Analysis February 27, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1819.00, which is 0.44% higher than Yesterday’s close.
The Gold is expected to find support at 1807.00, and a fall-through could take it to the next support level of 1803.00. The pair is expected to find its first resistance at 1820.00, and a rise-through could take it to the next resistance level of 1823.00. Today’s expected trading range is between 1794.00, support, and 1827.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1807.00
Support 2: 1803.00
Support 3: 1792.00
Important resistance levels:
Resistance 1: 1820.00
Resistance 2: 1823.00
Resistance 3: 1827.00