Gold Technical Analysis July 16, 2021
The Gold rose 0.11% against the USD on Thursday and closed at 1829.50. Today in the Asian session, while Gold technical Analysis July 16, 2021 is preparing at 4:45 GMT, the XAU/USD trading at 1823.00, which is 0.34% lower from Yesterday’s close.
The Gold is expected to find support at 1821.00, and a fall through could take it to the next support level of 1817.00. The pair is expected to find its first resistance at 1833.00, and a rise through could take it to the next resistance level of 1835.00. Today’s expected trading range is between 1799.00, support and 1845.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1821.00
Support 2: 1817:00
Support 3: 1799:00
Important resistance levels:
Resistance 1: 1833.00
Resistance 2: 1835.00
Resistance 3: 1845.00