Gold Technical Analysis March 20, 2023
The Gold rose 3.34% against the USD on Friday and closed at 1986.10. Today in the European session, while the Gold technical Analysis March 20, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1980.00, which is 0.30% lower than Yesterday’s close.
The Gold is expected to find support at 1968.00, and a fall-through could take it to the next support level of 1963.00. The pair is expected to find its first resistance at 2009.00, and a rise-through could take it to the next resistance level of 2025.00. Today’s expected trading range is between 1936.00, support, and 2068.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1968.00
Support 2: 1963.00
Support 3: 1936.00
Important resistance levels:
Resistance 1: 2009.00
Resistance 2: 2025.00
Resistance 3: 2068.00