Gold Technical Analysis March 9, 2023
The Gold declined 0.02% against the USD on Wednesday and closed at 1813.50. Today in the European session, while the Gold technical Analysis March 9, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1825.40, which is 066% higher than Yesterday’s close.
The Gold is expected to find support at 1812.00, and a fall-through could take it to the next support level of 1809.00. The pair is expected to find its first resistance at 1827.00, and a rise-through could take it to the next resistance level of 1830.00. Today’s expected trading range is between 1805.00, support, and 1838.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1812.00
Support 2: 1809.00
Support 3: 1805.00
Important resistance levels:
Resistance 1: 1827.00
Resistance 2: 1830.00
Resistance 3: 1838.00