Gold Technical Analysis July 19, 2023
The Gold declined 0.01% against the USD on Tuesday and closed at 1954.85. Today in the European session, while the Gold technical Analysis July 19, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1963.00, which is 0.40% higher than Yesterday’s close.
The Gold is expected to find support at 1971.00, and a fall-through could take it to the next support level of 1963.00. The pair is expected to find its first resistance at 1984.00, and a rise-through could take it to the next resistance level of 1992.00. Today’s expected trading range is between 1946.00 support, and 2000.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1971.00
Support 2: 1963.00
Support 3: 1946.00
Important resistance levels:
Resistance 1: 1984.00
Resistance 2: 1992.00
Resistance 3: 2000.00