Gold Technical Analysis October 5, 2021
The Gold rose 0.48% against the USD on Monday and closed at 1769.35. Today in the European session, while Gold technical Analysis October 5, 2021 is preparing at 9:45 GMT, the XAU/USD trading at 1757.50, which is 0.67% lower from Yesterday’s close.
The Gold is expected to find support at 1754.00, and a fall through could take it to the next support level of 1748.00. The pair is expected to find its first resistance at 1769.00, and a rise through could take it to the next resistance level of 1776.00. Today’s expected trading range is between 1744.00, support and 1786.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1754.00
Support 2: 1748:00
Support 3: 1744:00
Important resistance levels:
Resistance 1: 1769.00
Resistance 2: 1776.00
Resistance 3: 1786.00