Gold Technical Analysis September 28, 2022
The Gold rose 0.35% against the USD on Wednesday and closed at 1629.40. Today in the European session, while the Gold technical Analysis of September 28, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1631.00, which is 0.10% higher than Yesterday’s close.
The Gold is expected to find support at 1615.00, and a fall through could take it to the next support level of 1612.00. The pair is expected to find its first resistance at 1631.00, and a rise through could take it to the next resistance level of 1641.00. Today’s expected trading range is between 1600.00, support, and 1649.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1615.00
Support 2: 1612.00
Support 3: 1600.00
Important resistance levels:
Resistance 1: 1631.00
Resistance 2: 1641.00
Resistance 3: 1649.00