Gold Technical Analysis March 6, 2023
The Gold rose 1.00% against the USD on Friday and closed at 1854.60. Today in the European session, while the Gold technical Analysis March 6, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1851.00, which is 0.20% lower than Yesterday’s close.
The Gold is expected to find support at 1849.00, and a fall-through could take it to the next support level of 1840.00. The pair is expected to find its first resistance at 1858.00, and a rise-through could take it to the next resistance level of 1870.00. Today’s expected trading range is between 1830.00, support, and 1869.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1849.00
Support 2: 1840.00
Support 3: 1830.00
Important resistance levels:
Resistance 1: 1858.00
Resistance 2: 1870.00
Resistance 3: 1889.00