Gold Technical Analysis February 6, 2023
The Gold declined 2.47% against the USD on Friday and closed at 1865.77. Today in the European session, while the Gold technical Analysis February 6, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1872.00, which is 0.33% higher than Yesterday’s close.
The Gold is expected to find support at 1862.00, and a fall-through could take it to the next support level of 1845.00. The pair is expected to find its first resistance at 1881.00, and a rise-through could take it to the next resistance level of 1900.00. Today’s expected trading range is between 1825.00, support, and 1917.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1862.00
Support 2: 1845.00
Support 3: 1825.00
Important resistance levels:
Resistance 1: 1881.00
Resistance 2: 1900.00
Resistance 3: 1917.00