Gold Technical Analysis January 31, 2023
The Gold declined 0.20% against the USD on Monday and closed at 1923.00. Today in the European session, while the Gold technical Analysis January 31, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1904.00, which is 0.97% lower than Yesterday’s close.
The Gold is expected to find support at 1901.00, and a fall-through could take it to the next support level of 1897.00. The pair is expected to find its first resistance at 1912.00, and a rise-through could take it to the next resistance level of 1917.00. Today’s expected trading range is between 1892.00, support, and 1934.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1901.00
Support 2: 1897.00
Support 3: 1892.00
Important resistance levels:
Resistance 1: 1912.00
Resistance 2: 1917.00
Resistance 3: 1934.00