Gold Technical Analysis October 5, 2023
The Gold declined 0.17% against the USD on Wednesday and closed at 1820.65. Today in the European session, while the Gold technical Analysis October 5, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1822.00, which is 0.07% 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 1830.00, 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 Bearish
Important support levels:
Support 1: 1815.00
Support 2: 1800.00
Support 3: 1792.00
Important resistance levels:
Resistance 1: 1830.00
Resistance 2: 1842.00
Resistance 3: 1857.00