Gold Technical Analysis March 14, 2023
The Gold rose 1.06% against the USD on Monday and closed at 1913.90. Today in the European session, while the Gold technical Analysis March 14, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1896.00, which is 0.88% lower than Yesterday’s close.
The Gold is expected to find support at 1894.00, and a fall-through could take it to the next support level of 1885.00. The pair is expected to find its first resistance at 1913.00, and a rise-through could take it to the next resistance level of 1925.00. Today’s expected trading range is between 1872.00, support, and 1932.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1894.00
Support 2: 1885.00
Support 3: 1872.00
Important resistance levels:
Resistance 1: 1913.00
Resistance 2: 1925.00
Resistance 3: 1932.00