Gold Technical Analysis March 27, 2023
The Gold declined 0.76% against the USD on Friday and closed at 1977.50. Today in the European session, while the Gold technical Analysis March 27, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1948.00, which is 1.47% lower than Yesterday’s close.
The Gold is expected to find support at 1944.00, and a fall-through could take it to the next support level of 1935.00. The pair is expected to find its first resistance at 1972.00, and a rise-through could take it to the next resistance level of 1978.00. Today’s expected trading range is between 1914.00, support, and 1985.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1944.00
Support 2: 1935.00
Support 3: 1914.00
Important resistance levels:
Resistance 1: 1972.00
Resistance 2: 1978.00
Resistance 3: 1985.00