Gold Technical Analysis January 5, 2023
The Gold rose 0.86% against the USD on Thursday and closed at 1854.45. Today in the European session, while the Gold technical Analysis January 5, 2023, is prepared at 5:15 GMT, the XAU/USD trading at 1847.00, which is 0.41% lower than Yesterday’s close.
The Gold is expected to find support at 1844.00, and a fall-through could take it to the next support level of 1839.00. The pair is expected to find its first resistance at 1859.00, and a rise through could take it to the next resistance level of 1864.00. Today’s expected trading range is between 1828.00, support, and 1878.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1844.00
Support 2: 1839.00
Support 3: 1828.00
Important resistance levels:
Resistance 1: 1859.00
Resistance 2: 1864.00
Resistance 3: 1878.00