Gold Technical Analysis October 11, 2022
The Gold declined 1.64% against the USD on Monday and closed at 1668.80. Today in the European session, while the Gold technical Analysis October 11, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1671.00, which is 0.17% higher than Yesterday’s close.
The Gold is expected to find support at 1661.00, and a fall through could take it to the next support level of 1655.00. The pair is expected to find its first resistance at 1673.00, and a rise through could take it to the next resistance level of 1678.00. Today’s expected trading range is between 1643.00, support, and 1690.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1661.00
Support 2: 1655.00
Support 3: 1643.00
Important resistance levels:
Resistance 1: 1673.00
Resistance 2: 1678.00
Resistance 3: 1690.00