Gold Technical Analysis October 4, 2023
The Gold rose 0.31% against the USD on Tuesday and closed at 1823.20. Today in the European session, while the Gold technical Analysis October 4, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1824.00, which is 0.05% higher than Yesterday’s close.
The Gold is expected to find support at 1805.00, and a fall-through could take it to the next support level of 1800.00. The pair is expected to find its first resistance at 1834.00, and a rise-through could take it to the next resistance level of 1842.00. Today’s expected trading range is between 1792.00 support and 1857.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1815.00
Support 2: 1800.00
Support 3: 1792.00
Important resistance levels:
Resistance 1: 1834.00
Resistance 2: 1842.00
Resistance 3: 1857.00