Gold Technical Analysis 1 July 2021
Gold Technical Analysis: The Gold rose 0.42% against the USD on Tuesday and closed at 1769.65. Today in the Asian session, while Gold technical Analysis 1 July 2021 is preparing at 5:15 GMT, the XAU/USD trading at 1775.00, which is 0.33% higher from Yesterday’s close.
The Gold is expected to find support at 1765.00, 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 1778.00, and a rise through could take it to the next resistance level of 1787.00. Today’s expected trading range is between 1751.00, support and 1795.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1765.00
Support 2: 1757:00
Support 3: 1751:00
Important resistance levels:
Resistance 1: 1778.00
Resistance 2: 1787.00
Resistance 3: 1795.00
Gold buying opportunity for intraday trading on July 1, 2021
Buy near the support zones 1765.00 and 1757.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Gold selling opportunity for intraday trading on July 1, 2021
Sell near the resistance zones 1778.00 and 1787.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.