Gold Technical Analysis March 28, 2023
The Gold declined 1.03% against the USD on Monday and closed at 1956.10. Today in the European session, while the Gold technical Analysis March 28, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1965.00, which is 0.45% higher 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 1940.00. The pair is expected to find its first resistance at 1967.00, and a rise-through could take it to the next resistance level of 1975.00. Today’s expected trading range is between 1935.00, support, and 1985.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1944.00
Support 2: 1940.00
Support 3: 1935.00
Important resistance levels:
Resistance 1: 1967.00
Resistance 2: 1975.00
Resistance 3: 1985.00