Gold Technical Analysis Sep 28, 2023
The Gold declined 1.35% against the USD on Wednesday and closed at 1875.00. Today in the European session, while the Gold technical Analysis Sep 28, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1976.50, which is 0.08% higher than Yesterday’s close.
The Gold is expected to find support at 1863.00, and a fall-through could take it to the next support level of 1855.00. The pair is expected to find its first resistance at 1878.00, and a rise-through could take it to the next resistance level of 1884.00. Today’s expected trading range is between 1850.00 support and 1894.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1863.00
Support 2: 1855.00
Support 3: 1850.00
Important resistance levels:
Resistance 1: 1878.00
Resistance 2: 1884.00
Resistance 3: 1894.00