Gold Technical Analysis January 11, 2023
The Gold rose 0.36% against the USD on Tuesday and closed at 1877.22. Today in the European session, while the Gold technical Analysis January 11, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1882.00, which is 0.25% higher than Yesterday’s close.
The Gold is expected to find support at 1878.00, and a fall-through could take it to the next support level of 1871.00. The pair is expected to find its first resistance at 1886.00, and a rise through could take it to the next resistance level of 1888.00. Today’s expected trading range is between 1864.00, support, and 1898.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1878.00
Support 2: 1871.00
Support 3: 1864.00
Important resistance levels:
Resistance 1: 1886.00
Resistance 2: 1888.00
Resistance 3: 1898.00