Gold Technical Analysis March 16, 2023
The Gold rose 0.73% against the USD on Wednesday and closed at 1918.17. Today in the European session, while the Gold technical Analysis March 16, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1827.00, which is 0.45% higher than Yesterday’s close.
The Gold is expected to find support at 1898.00, and a fall-through could take it to the next support level of 1892.00. The pair is expected to find its first resistance at 1945.00, and a rise-through could take it to the next resistance level of 1942.00. Today’s expected trading range is between 1886.00, support, and 1957.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1898.00
Support 2: 1892.00
Support 3: 1886.00
Important resistance levels:
Resistance 1: 1945.00
Resistance 2: 1942.00
Resistance 3: 1957.00