Gold Technical Analysis November 16, 2022
The Gold rose 0.45% against the USD on Tuesday and closed at 1778.42. Today in the European session, while the Gold technical Analysis November 16, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1782.80, which is 0.25% higher than Yesterday’s close.
The Gold is expected to find support at 1771.00, and a fall through could take it to the next support level of 1768.00. The pair is expected to find its first resistance at 1786.00, and a rise through could take it to the next resistance level of 1792.00. Today’s expected trading range is between 1754.00, support, and 1806.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1771.00
Support 2: 1768.00
Support 3: 1754.00
Important resistance levels:
Resistance 1: 1786.00
Resistance 2: 1792.00
Resistance 3: 1806.00