Daily Technical Analysis Of XAUUSD - Wednesday, Feb. 15
Spotlight on XAUUSD
The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
GOLD
Looking at Gold’s chart, we can see that the precious metal dropped to the lowest level of the past month at around $1,842 after yesterday’s announcement of higher-than-expected inflation in US, translated to more interest rate hikes which made the USD stronger.
Today, we could expect it to test its support level at around $1,830 where a technical upward reaction should be expected towards its resistance level at around $1,855.
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