Gold Technical Analysis January 20, 2023
The Gold rose 1.47% against the USD on Thursday and closed at 1931.70. Today in the European session, while the Gold technical Analysis January 20, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1925.00, which is 0.35% lower than Yesterday’s close.
The Gold is expected to find support at 1921.00, and a fall-through could take it to the next support level of 1907.00. The pair is expected to find its first resistance at 1937.00, and a rise-through could take it to the next resistance level of 1944.00. Today’s expected trading range is between 1901.00, support, and 1957.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1921.00
Support 2: 1907.00
Support 3: 1901.00
Important resistance levels:
Resistance 1: 1937.00
Resistance 2: 1944.00
Resistance 3: 1957.00