Gold Technical Analysis October 25, 2022
The Gold declined 0.64% against the USD on Monday and closed at 1649.50. Today in the European session, while the Gold technical Analysis October 25, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1650.00, which is 0.55% lower than Yesterday’s close.
The Gold is expected to find support at 1649.00, and a fall through could take it to the next support level of 1624.00. The pair is expected to find its first resistance at 1654.00, and a rise through could take it to the next resistance level of 1658.00. Today’s expected trading range is between 1618.00, support, and 1670.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1649.00
Support 2: 1624.00
Support 3: 1618.00
Important resistance levels:
Resistance 1: 1654.00
Resistance 2: 1658.00
Resistance 3: 1670.00