Gold Technical Analysis January 12, 2023
The Gold declined 0.07% against the USD on Wednesday and closed at 1875.92. Today in the European session, while the Gold technical Analysis January 12, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1887.00, which is 0.57% 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 1867.00. The pair is expected to find its first resistance at 1892.00, and a rise-through could take it to the next resistance level of 1898.00. Today’s expected trading range is between 1864.00, support, and 1907.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1880.00
Support 2: 1867.00
Support 3: 1864.00
Important resistance levels:
Resistance 1: 1892.00
Resistance 2: 1898.00
Resistance 3: 1907.00