Gold Technical Analysis March 13, 2023
The Gold rose 1.96% against the USD on Friday and closed at 1867.40. Today in the European session, while the Gold technical Analysis March 13, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1900.00, which is 1.71% higher than Yesterday’s close.
The Gold is expected to find support at 1872.00, and a fall-through could take it to the next support level of 1858.00. The pair is expected to find its first resistance at 1909.00, and a rise-through could take it to the next resistance level of 1918.00. Today’s expected trading range is between 1850.00, support, and 1925.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1872.00
Support 2: 1858.00
Support 3: 1850.00
Important resistance levels:
Resistance 1: 1909.00
Resistance 2: 1918.00
Resistance 3: 1925.00