Gold Technical Analysis February 9, 2023
The Gold rose 0.16% against the USD on Wednesday and closed at 1875.80. Today in the European session, while the Gold technical Analysis February 9, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1882.00, which is 0.33% higher than Yesterday’s close.
The Gold is expected to find support at 1872.00, and a fall-through could take it to the next support level of 1862.00. The pair is expected to find its first resistance at 1885.00, and a rise-through could take it to the next resistance level of 1892.00. Today’s expected trading range is between 1854.00, support, and 1899.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1872.00
Support 2: 1862.00
Support 3: 1854.00
Important resistance levels:
Resistance 1: 1885.00
Resistance 2: 1892.00
Resistance 3: 1899.00