Gold Technical Analysis November 17, 2022
The Gold declined 0.25% against the USD on Wednesday and closed at 1773.50. Today in the European session, while the Gold technical Analysis November 17, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1763.30, which is 0.57% lower than Yesterday’s close.
The Gold is expected to find support at 1762.00, and a fall through could take it to the next support level of 1754.00. The pair is expected to find its first resistance at 1776.00, and a rise through could take it to the next resistance level of 1785.00. Today’s expected trading range is between 1747.00, support, and 1792.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1762.00
Support 2: 1754.00
Support 3: 1747.00
Important resistance levels:
Resistance 1: 1776.00
Resistance 2: 1785.00
Resistance 3: 1792.00