Gold Technical Analysis November 18, 2022
The Gold declined 0.70% against the USD on Thursday and closed at 1760.70. Today in the European session, while the Gold technical Analysis November 18, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1764.00, which is 0.20% higher than Yesterday’s close.
The Gold is expected to find support at 1759.00, 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 1770.00, and a rise through could take it to the next resistance level of 1785.00. Today’s expected trading range is between 1740.00, support, and 1792.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1759.00
Support 2: 1754.00
Support 3: 1740.00
Important resistance levels:
Resistance 1: 1770.00
Resistance 2: 1785.00
Resistance 3: 1792.00