Gold Technical Analysis October 21, 2022
The Gold declined 0.07% against the USD on Thursday and closed at 1628.00. Today in the European session, while the Gold technical Analysis October 21, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1622.00, which is 0.35% lower than Yesterday’s close.
The Gold is expected to find support at 1618.00, 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 1628.00, and a rise through could take it to the next resistance level of 1631.00. Today’s expected trading range is between 1600.00, support, and 1645.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1618.00
Support 2: 1615.00
Support 3: 1600.00
Important resistance levels:
Resistance 1: 1628.00
Resistance 2: 1631.00
Resistance 3: 1645.00