Gold Technical Analysis October 20, 2022
The Gold rose 1.40% against the USD on Wednesday and closed at 1628.88. Today in the European session, while the Gold technical Analysis October 20, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1634.00, which is 0.30% higher than Yesterday’s close.
The Gold is expected to find support at 1623.00, and a fall through could take it to the next support level of 1615.00. The pair is expected to find its first resistance at 1637.00, and a rise through could take it to the next resistance level of 1640.00. Today’s expected trading range is between 1600.00, support, and 1649.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1623.00
Support 2: 1615.00
Support 3: 1600.00
Important resistance levels:
Resistance 1: 1637.00
Resistance 2: 1640.00
Resistance 3: 1649.00