Gold Technical Analysis October 17, 2023
The Gold declined 0.42% against the USD on Monday and closed at 1919.70. Today in the European session, while the Gold technical Analysis October 17, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1923.00, which is 0.17% higher than Yesterday’s close.
The Gold is expected to find support at 1913.00, and a fall-through could take it to the next support level of 1909.00. The pair is expected to find its first resistance at 1924.00, and a rise-through could take it to the next resistance level of 1930.00. Today’s expected trading range is between 1900.00 support and 1946.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1913.00
Support 2: 1909.00
Support 3: 1900.00
Important resistance levels:
Resistance 1: 1924.00
Resistance 2: 1930.00
Resistance 3: 1946.00