Gold Technical Analysis September 12, 2022
The Gold rose 0.52% against the USD on Friday and closed at 1717.57. Today in the European session, while the Gold technical Analysis September 12, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1727.00, which is 0.55% higher than Yesterday’s close.
The Gold is expected to find support at 1720.00, and a fall through could take it to the next support level of 1712.00. The pair is expected to find its first resistance at 1729.00, and a rise through could take it to the next resistance level of 1740.00. Today’s expected trading range is between 1704.00, support, and 1745.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1720.00
Support 2: 1712.00
Support 3: 1704.00
Important resistance levels:
Resistance 1: 1729.00
Resistance 2: 1740.00
Resistance 3: 1745.00