Gold Technical Analysis January 26, 2023
The Gold rose 0.46% against the USD on Wednesday and closed at 1946.26. Today in the European session, while the Gold technical Analysis January 26, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1936.00, which is 0.52% lower than Yesterday’s close.
The Gold is expected to find support at 1931.00, and a fall-through could take it to the next support level of 1922.00. The pair is expected to find its first resistance at 1948.00, and a rise-through could take it to the next resistance level of 1955.00. Today’s expected trading range is between 1912.00, support, and 1967.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1931.00
Support 2: 1922.00
Support 3: 1912.00
Important resistance levels:
Resistance 1: 1948.00
Resistance 2: 1955.00
Resistance 3: 1967.00