Gold Technical Analysis October 2, 2023
The Gold declined 0.85% against the USD on Friday and closed at 1849.00. Today in the European session, while the Gold technical Analysis October 2, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1834.00, which is 0.80% lower than Yesterday’s close.
The Gold is expected to find support at 1863.00, and a fall-through could take it to the next support level of 1855.00. The pair is expected to find its first resistance at 1825.00, and a rise-through could take it to the next resistance level of 1810.00. Today’s expected trading range is between 1850.00 support and 1800.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1863.00
Support 2: 1855.00
Support 3: 1850.00
Important resistance levels:
Resistance 1: 1825.00
Resistance 2: 1810.00
Resistance 3: 1800.00