Gold Technical Analysis September 16, 2021
The Gold declined 0.56% against the USD on Wednesday and closed at 1793.70. Today in the European session, while Gold technical Analysis September 16, 2021 is preparing at 9:45 GMT, the XAU/USD trading at 1779.00, which is 0.82% lower from Yesterday’s close.
The Gold is expected to find support at 1775.00, and a fall through could take it to the next support level of 1757.00. The pair is expected to find its first resistance at 1796.00, and a rise through could take it to the next resistance level of 1800.00. Today’s expected trading range is between 1757.00, support and 1808.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1775.00
Support 2: 1757:00
Support 3: 1750:00
Important resistance levels:
Resistance 1: 1796.00
Resistance 2: 1800.00
Resistance 3: 1808.00