Gold Technical Analysis October 6, 2022
The Gold declined 0.49% against the USD on Wednesday and closed at 1716.45. Today in the European session, while the Gold technical Analysis October 6, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1715.50, which is 0.05% lower than Yesterday’s close.
The Gold is expected to find support at 1714.00, and a fall through could take it to the next support level of 1701.00. The pair is expected to find its first resistance at 1725.00, and a rise through could take it to the next resistance level of 1729.00. Today’s expected trading range is between 1687.00, support, and 1735.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1714.00
Support 2: 1701.00
Support 3: 1687.00
Important resistance levels:
Resistance 1: 1725.00
Resistance 2: 1729.00
Resistance 3: 1735.00