Gold Technical Analysis Sep 27, 2023
The Gold declined 0.82% against the USD on Tuesday and closed at 1900.40. Today in the European session, while the Gold technical Analysis Sep 27, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1992.00, which is 0.37% lower than Yesterday’s close.
The Gold is expected to find support at 1892.00, and a fall-through could take it to the next support level of 1885.00. The pair is expected to find its first resistance at 1903.00, and a rise-through could take it to the next resistance level of 1914.00. Today’s expected trading range is between 1875.00 support and 1926.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1892.00
Support 2: 1885.00
Support 3: 1875.00
Important resistance levels:
Resistance 1: 1903.00
Resistance 2: 1914.00
Resistance 3: 1926.00